Arbinet Corporation Announces Fourth Quarter and Full Year 2009 Financial Results
HERNDON, Va., March 16 -- Arbinet Corporation (NASDAQ:ARBX), a leading provider of telecommunications services to fixed and mobile operators, today reported financial results for the fourth quarter and full year ended December 31, 2009.
Total revenues for fourth quarter 2009 of $82.5 million, included $74.8 million trading revenues and $7.7 million fee revenues, representing a 15.1% and 25.8%, respectively, decrease from fourth quarter 2008. Direct contribution from trading revenues (trading revenues minus cost of trading revenues) for the fourth quarter 2009 was $0.2 million compared with ($0.1) million in fourth quarter 2008 and $0.1 million in third quarter 2009. This improved contribution is primarily attributable to the introduction of carrier services in late third quarter 2009. A total of 2.5 billion minutes were bought and sold on Arbinet's platform in the fourth quarter 2009, compared with 3.0 billion minutes in the fourth quarter 2008 and 2.5 billion minutes in the third quarter 2009. Arbinet completed 271.0 million calls during the fourth quarter 2009, compared with 342.6 million calls in the fourth quarter 2008 and 280.1 million calls in the third quarter 2009.
Fourth quarter 2009 gross profit was $3.6 million compared with $5.8 million and $3.8 million for the fourth quarter 2008 and third quarter 2009, respectively.
Fourth quarter 2009 loss from operations was ($3.9) million, compared with a loss from operations of ($4.6) million in the fourth quarter 2008. Fourth quarter 2009 results included severance charges of $0.1 million and a restructuring charge of $0.6 million related to the closing of the New Jersey office and relocation of corporate headquarters to Virginia. Comparatively, fourth quarter 2008 included a non-cash charge of $3.0 million to record the impairment of goodwill and other intangible assets.
The Company's loss from continuing operations in the fourth quarter was ($3.7) million or ($0.16) per diluted share, compared with a loss from continuing operations of ($9.1) million or ($0.39) per diluted share in the fourth quarter 2008. Fourth quarter 2009 results included a non-cash foreign currency transaction gain of $0.2 million or $0.01 per diluted share, compared with the fourth quarter 2008 non-cash foreign currency exchange loss of ($4.6) million or ($0.20) per diluted share, representing the impact of currency fluctuations on U.S. denominated obligations of the Company's United Kingdom subsidiary.
Total revenues for full year 2009 of $339.5 million, included $305.8 million trading revenues and $33.7 million fee revenues, representing decreases of 26.9% and 30.3%, respectively, from full year 2008. Direct contribution from trading revenues (trading revenues minus cost of trading revenues) for full year 2009 was $0.1 million compared with ($0.4) million for full year 2008. This improved contribution is primarily attributable to the introduction of carrier services in late third quarter 2009. A total of 10.3 billion minutes were bought and sold on Arbinet's platform in 2009, compared with 13.2 billion minutes in 2008. Arbinet completed 1,130.5 million calls during 2009, compared with 1,699.3 million calls in 2008. Average call duration was 4.5 minutes in 2009 compared with 3.9 minutes in 2008.
For the full year 2009, gross profit was $15.6 million, down 44.6% compared with $28.3 million in 2008. The Company reported a loss from continuing operations of ($8.7) million or ($0.40) per diluted share for 2009, compared with a loss from continuing operations of ($12.7) million or ($0.53) per diluted share in 2008.
In commenting on the Company's fourth quarter and full year 2009 results, Shawn O'Donnell, President and Chief Executive Officer of Arbinet, stated, "We are encouraged by the fact that fourth quarter revenues, gross profit and traffic volumes have stabilized and are essentially flat with third quarter 2009. We believe the actions we took over the past year to right size our cost structure have positioned us well to weather the global economic downturn. At the same time, we have made strategic investments in growth that leverage our core capabilities. We are focused on increasing the flexibility with which we work with the marketplace and on training the sales force as we roll out new services. In 2009 in order to expand our addressable market, we designed, developed and launched carrier services, a standard wholesale trading product, which is already gaining market traction and continuing to contribute favorably to our performance in the first quarter 2010. We believe that by continuing to expand our product offerings to meet the increasingly complex demands of our customers while closely managing our costs, we are well positioned for long-term growth and profitability."
Conference Call
Arbinet will host a conference call to discuss its fourth quarter and full year 2009 results at 10:00 a.m. Eastern Time today.
The dial-in number for the live audio call beginning at 10:00 a.m. Eastern Time (888) 562-3654, or (973) 582-2703 for international callers; the passcode is 57749229. A live web cast of the conference call will be available on Arbinet's web site at http://www.arbinet.com/.
A replay of the conference call will be available from 1:00 p.m. Eastern Time on March 16, 2010 through midnight Eastern Time on March 23, 2010 at http://www.arbinet.com/ and by telephone at (800) 642-1687, or (706) 645-9291 for international callers; the passcode is 57749229.
About Arbinet Corporation
Arbinet is a leading provider of international voice and IP solutions to carriers and service providers globally. With more than 1,100 carriers across the world utilizing the Arbinet network, Arbinet combines global scale with sophisticated platform intelligence, call routing and industry leading credit management and settlement capabilities. Customers and suppliers include many leading fixed line, mobile, wholesale and VoIP carriers as well as calling card, ISPs and content providers around the world who buy and sell voice and IP telecommunications capacity and content. The Company can be reached at its corporate headquarters in Herndon, VA at (703) 456-4100 or by email at sales@arbinet.com.
Forward-Looking Statements
This press release contains forward-looking statements, including forward-looking statements regarding anticipated future revenues, growth, capital expenditures, management's future expansion plans, expected product and service developments or enhancements, and future operating results. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as: "believes," "expects," "intends," "may," "will," "should," "confident," "work to," "seeks," or "anticipates," or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. Various important risks and uncertainties may cause our actual results to differ materially from the results indicated by these forward-looking statements, including, without limitation: members (in particular, significant trading members) not trading on the Exchange or utilizing our new and additional services, including our carrier services; continued volatility in the volume and mix of trading activity; our uncertain and long member enrollment cycle; failure to manage our credit risk; failure to manage our growth and implement our business plan; pricing pressure; currency fluctuations; investments in our management team and personnel; disruption or uncertainty resulting from recent changes in senior management; regulatory uncertainty; system failures, human error and security breaches that could cause us to lose members and customers and expose us to liability; our ability to obtain and enforce patent protection for our methods and technologies; losses in efficiency due to cost cutting and restructuring initiatives; decreased trading volumes due to our efforts to increase call quality on the Exchange; and economic conditions and volatility of financial markets, decreased availability of credit to us or buyers on the Exchange, and the impact they may have on us, our members and customers, and demand for our services. For a further list and description of the risks and uncertainties the Company faces, please refer to our most recent Annual Report on Form 10-K and other periodic and current filings that have been filed with the Securities and Exchange Commission and are available at http://www.sec.gov. Such forward-looking statements are current only as of the date they are made, and we assume no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts:
Gary Brandt, CFO
Arbinet Corporation
703-456-4140
Andrea Priest / Andi Salas
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
ARBINET CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(unaudited)
Three Months Ended Year Ended
December 31, December 31,
------------------ ------------
2009 2008 2009 2008
---- ---- ---- ----
Trading revenues $74,773 $88,092 $305,792 $418,492
Fee revenues 7,683 10,353 33,684 48,356
Total revenues 82,456 98,445 339,476 466,848
Cost of trading revenues 74,526 88,194 305,696 418,890
Indirect cost of trading and
fee revenues 4,289 4,439 18,132 19,698
Total cost of trading and
fee revenues 78,815 92,633 323,828 438,588
------ ------ ------- -------
Gross profit 3,641 5,812 15,648 28,260
Other operating expenses:
Sales and marketing 1,904 2,011 7,566 10,211
General and administrative 3,173 3,384 10,685 11,677
Depreciation and amortization 1,747 1,864 7,147 7,501
Severance charges 109 145 470 1,422
Restructuring and other exit
costs 629 629
Impairment charge - 2,966 - 3,442
Total other operating
expenses 7,562 10,370 26,497 34,253
----- ------ ------ ------
Loss from operations (3,921) (4,558) (10,849) (5,993)
Interest income 15 124 122 948
Interest expense (106) (135) (626) (577)
Foreign currency transaction
gain (loss) 250 (4,583) 2,331 (6,978)
Other income, net 84 75 321 287
Loss from continuing
operations before income taxes (3,678) (9,077) (8,701) (12,313)
(Benefit) provision for
income taxes (236) (119) (39) 392
---- ---- --- ---
Net loss from continuing
operations (3,442) (8,958) (8,662) (12,705)
Loss from discontinued
operations, net of income tax - (99) - (2,228)
Net loss $(3,442) $(9,057) $(8,662) $(14,933)
======= ======= ======= ========
Basic and diluted net loss
per common share:
Continuing operations $(0.16) $(0.39) $(0.40) $(0.53)
Discontinued operations (0.01) (0.09)
Net loss $(0.16) $(0.40) $(0.40) $(0.62)
====== ====== ====== ======
Weighted average shares used
in computing basic and diluted
net loss per share 21,771 22,758 21,840 23,922
As of As of
December 31, December 31,
2009 2008
------------- -------------
Assets
Current Assets:
Cash and cash equivalents $15,492 $16,224
Marketable securities 6,407 7,926
Trade accounts receivable, net of allowance 24,513 28,176
Prepaids and other current assets 1,284 3,476
----- -----
Total current assets 47,696 55,802
Property and equipment, net 17,821 20,868
Security deposits 1,676 2,130
Intangible assets, net 149 163
Other assets 395 395
Total Assets $67,737 $79,358
======= =======
Liabilities and Stockholders' Equity
Current Liabilities:
Due to Silicon Valley Bank $2,014 $371
Accounts payable 11,676 12,924
Deferred revenue 1,434 2,770
Accrued expenses and other current
liabilities 6,172 7,552
Current portion of long-term debt 3,600 -
Current liabilities for
discontinued operations 100 473
--- ---
Total current liabilities 24,996 24,090
Stockholders' Equity
Common stock 27 27
Additional paid-In Capital 175,906 173,867
Treasury stock (17,122) (15,852)
Accumulated other comprehensive gain 2,056 3,576
Accumulated deficit (120,535) (111,873)
-------- --------
Total Stockholders' Equity 40,332 49,745
Total Liabilities and
Stockholders' Equity $67,737 $79,358
======= =======
Source: Arbinet Corporation
CONTACT: Gary Brandt, CFO of Arbinet Corporation, +1-703-456-4140; or
Andrea Priest or Andi Salas, both of Joele Frank, Wilkinson Brimmer Katcher,
+1-212-355-4449
DivX Releases New DivX Plus(TM) Software Package for Easy Playback of HD Video
Free Download Offers Comprehensive Playback of Popular Internet Video Formats; New DivX To Go(TM) Feature Enables Easy Transfer of Content to Millions of Consumer Electronics Devices
SAN DIEGO, March 16 -- DivX, Inc. (NASDAQ:DIVX), a leading digital media company, today announced that the latest version of the Company's flagship video software package, DivX Plus(TM) Software, is now available as a free download for Windows 7, Vista and XP on the Company's website at http://www.divx.com/software/divx-plus.
The completely redesigned DivX Plus Software offers users an uncluttered and easy-to-use interface for the playback of DivX video on the desktop and in the browser, including DivX Plus HD video, which supports up to 1080p HD H.264-based videos in the popular MKV file format.
The DivX Plus software package is comprised of four individual products: the DivX Plus Player, the DivX Plus Web Player, the DivX Plus Codec Pack, and the DivX Plus Converter. The DivX Plus Player includes the all-new DivX To Go feature, which makes it easy to transfer videos from the computer to any of the 250 million DivX devices that have shipped worldwide from major brands, including DVD players, Blu-ray players, digital televisions, gaming consoles and mobile phones.
"DivX Plus software represents a major step forward in our mission to create a seamless, high-quality media experience that empowers consumers to enjoy the content they care about not just on the computer but on any device in their lifestyle," said Kevin Hell, CEO of DivX, Inc. "Our new software connects the content that millions of users watch on their PCs to the millions of DivX devices all over the world, offering a bridge between the Internet and the living room."
Key features of the DivX Plus software package include:
-- Easy video transfer to DivX Certified devices--DivX To Go ensures that
any video file played in the DivX Plus Player can also be played in
any one of the 250 million DivX devices shipped into the global
market. DivX To Go is an intuitive, step-by-step wizard for
transferring videos from the DivX Plus Player to DivX Certified
devices, such as DVD players, DTVs and the PlayStation® 3.
-- Broad Playback Support--The DivX Plus Player and DivX Plus Web Player
offer high-quality video playback of a wide variety of formats,
including the latest versions of DivX and DivX Plus codecs and new
components for playback of DivX Plus HD video in the MKV/H.264 format
on Windows 7. The DivX Plus Codec Pack also provides an enhanced DivX
playback experience through third-party players such as Windows Media
Player and media extenders.
-- Stunning HD Video in Your Browser--The new DivX Plus Web Player offers
high performance DivX and DivX Plus HD web video streaming with
surround sound and subtitles through standard HTTP servers and
JavaScript programming as a plug-in for Google Chrome, Firefox,
Internet Explorer and Safari.
-- MKV Streaming to Gaming Consoles--DivX Plus Software streams HD
content in the MKV format to the PlayStation® 3 or Xbox 360 with the
new DivX Plus Codec Pack, which enables Windows 7 to play MKV files.
-- High Quality Video Conversion--The DivX Plus Converter was completely
redesigned and is now offered free of charge for conversion of 1080p
HD content to DivX Plus HD, which is based on the MKV file container
and H.264 codec.
"DivX Plus Software makes the HD video experience intuitive to users with all levels of expertise," said Guto Araujo, Vice President and General Manager, Software and Services, DivX, Inc. "To the experienced user, it offers a range of streaming, converting, and web video publishing tools. Through uncluttered and easy-to-use playback screens, the software also lets all users simply enjoy full screen DivX Plus HD videos even on lower powered computers such as netbooks."
Availability
Starting March 16, 2010, the DivX Plus Software is available around the world in the following languages: simplified and traditional Chinese, English, French, German, Japanese, Portuguese and Spanish.
DivX, Inc. is a leading digital media company that enables consumers to enjoy a high-quality video experience across any kind of device. DivX creates, distributes and licenses digital video technologies that span the "three screens" comprising today's consumer media environment--the PC, the television and mobile devices. Over 250 million DivX devices have shipped into the market worldwide from leading consumer electronics manufacturers. DivX also offers content providers and publishers a complete solution for the distribution of secure, high-quality digital video content. Driven by a globally recognized brand and a passionate community of hundreds of millions of consumers, DivX is simplifying the video experience to enable the digital home.
Forward-Looking Statements
Statements in this press release that are not strictly historical in nature constitute "forward-looking statements." Such statements include, but are not limited to, statements regarding DivX's visibility within the investment community and the potential DivX Certification of new products. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause DivX's actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to: the risk that customer use of DivX technology may not grow as anticipated; the risk that anticipated market opportunities may not materialize at expected levels, or at all; the risk that the Company's activities may not result in the growth of profitable revenue; risks and uncertainties related to the maintenance and strength of the DivX brand; risks associated with DivX's ability to penetrate existing and new markets; risks regarding the effects of competition; the risk of DivX's dependence on its licensees and partners; risks related to the effect of intellectual property rights claims; risks that the DivX ecosystem may not grow as anticipated due to failure of partner products to qualify for DivX Certification; and other factors discussed in the "Risk Factors" section of DivX's most recent report filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement. DivX is providing this information as of the date of this release and does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events or otherwise.
CONTACT: Media, Jennifer Baumgartner, +1-503-901-5371,
jbaumgartner@divxcorp.com, or Investors, Karen Fisher, +1-858-882-6415,
kfisher@divxcorp.com, both of DivX, Inc.
Portugal Telecom Selects Crossbeam's Security Platform to Deliver Managed Security Services, Protect Country's Largest Web Portal
Crossbeam's Carrier-Class Scalability, Performance and Best-of-Breed Approach Cited as Winning Attributes
BOXBOROUGH, Mass., March 16 -- Crossbeam Systems, Inc., the leading provider of next-generation security platforms for high-performance networks, today announced that Portugal Telecom has successfully deployed Crossbeam's X-Series(TM) security platform. Portugal Telecom, the largest telecommunications provider in the country, is using Crossbeam to protect SAPO, the country's largest Web portal. Portugal Telecom is also using Crossbeam's state-of-the-art platform to deliver managed security services to its enterprise customers through PT-PRIME, a Portugal Telecom company offering a portfolio of IP-based services.
"As a leading service provider, we have to consider that our customers' usage demands will grow over time. We need a security architecture that can scale with this demand, without degrading performance or taxing IT resources," said Maximilian Xavier, manager of Networking and Security Datacenter Managed Services Division for Portugal Telecom. "Crossbeam meets our needs, offering the carrier-grade performance, scalability and security required for our customers, along with the ability to quickly respond to evolving security threats."
Crossbeam's X-Series is the only platform that virtualizes the network -- i.e., security appliances, load balancers, cables, switches -- creating a separate virtualized security infrastructure that enables companies to realize the full benefits of virtualization while still delivering extremely high levels of security and performance. It is the highest-performing security platform, tested to "real world" rates of 40 Gbps with ultra-low latency, providing unprecedented scalability and flexibility to meet the needs of customers. Today more than 900 leading enterprises and service providers, including 10 of the top 11 telecom carriers worldwide, rely on the X-Series.
Crossbeam also offers the only security platform that lets customers choose the best-of-breed security applications they want from the leading providers. This approach was a key differentiator for Portugal Telecom.
"We wanted to consolidate several of the security platforms and services, and Crossbeam allows us to integrate different security technologies in a single platform with centralized management," Xavier added. "Crossbeam lets us easily virtualize and scale these services as needed to meet customers' specific security requirements, which offers a real competitive advantage."
"Portugal Telecom is a great example of what our customers are demanding," said Juan Grau, sales manager, Iberia for Crossbeam Systems. "Crossbeam doesn't focus on building security applications. We leave that to our best-of-breed partners, which is ultimately what customers want. We focus on making sure these security services are optimized for high-performance networks, either as part of a managed security service or for internal infrastructure protection."
About Portugal Telecom
Portugal Telecom ("PT") is a leading telecommunications provider with more than 70 million customers in 13 countries, namely in Brazil and Africa. In Portugal, where it retains a clear leading position, the company provides a full range of fixed and mobile telecommunication services, including voice, broadband and television, and covers all segments of the market: consumer, residential, SMEs, corporate and wholesale. For the corporate market, PT also provides "IT and Security Managed Services," strengthening its telecommunications offering. Its international investments, which are focused on the mobile segment, account for more than 80% of its customer base and approximately 50% of its revenues. It is seen as the Portuguese company which has the biggest national and international projection and has a diversified business portfolio where quality and innovation are decisive aspects, along side the most advanced international companies in this sector.
Portugal Telecom is listed on the Euronext and New York Stock Exchange. Information may be accessed on Reuters under the symbols PTC.LS and PT and on Bloomberg under the symbol PTC PL. More information is available at http://www.telecom.pt.
About Crossbeam
Crossbeam Systems®, Inc. offers a proven approach to deploying network security that meets the extreme performance, scalability and reliability demands of large enterprises, service providers and government agencies. Its leading X-Series security platform offers an open, high-performance architecture that easily provisions and scales multiple best-in-class security applications to meet the ever-changing threat landscape. Companies rely on Crossbeam to intelligently manage risk, accelerate and maintain compliance, and protect their businesses from evolving threats. Crossbeam is headquartered in Boxborough, Mass., and has offices in Europe, Latin America and Asia Pacific. More information is available at http://www.crossbeam.com.
Crossbeam Systems and Crossbeam are registered trademarks of Crossbeam Systems, Inc. All other company, product or service names not owned by Crossbeam mentioned in this press release are the property of their respective owners.
Contact: Sharon Dratch
Davies Murphy Group
(781) 418-2425
crossbeam@daviesmurphy.com
Source: Crossbeam Systems, Inc.
CONTACT: Sharon Dratch, Davies Murphy Group, +1-781-418-2425,
crossbeam@daviesmurphy.com, for Crossbeam Systems, Inc.
The Bloodhound Cell Phone Detector Goes Behind Bars to Uncover Contraband Cell Phones in Correctional Facilities and Prisons
Berkeley Varitronics Systems to showcase the Bloodhound Cell Phone Detector at the CTIA Wireless Show March 23-25 in Las Vegas & at the GovSec/U.S. Law Conference March 23-24 in DC
METUCHEN, N.J., March 16 -- Berkeley Varitronics Systems, Inc. (BVS), a leading provider of advanced wireless solutions and products to the domestic and international wireless telecommunications industry, today announced the company has successfully field-tested the Bloodhound cell phone detector at one of the top ten largest county correctional facilities in the nation. The Bloodhound is a hand-held, wireless cell phone detector that does not employ the sledgehammer approach of cell phone jamming, currently prohibited under U.S. federal law.
BVS conducted the field-test at a national correctional facility that houses 1,300 inmates (both men and women) and employs more than 400 security officers as well as administration staff. Security officers and BVS discretely walked the halls of the correctional facility with the Bloodhound cell phone detector to pinpoint in real-time the exact location of contraband cell phones in use.
"The field-test was successful as we noted illegal cell phone activity rather quickly," said Scott Schober, President and CEO of Berkeley Varitronics Systems. "Utilizing the cell phone detector's high-speed scanning receiver and Direction Finding Antenna, the Bloodhound detected cell phone activity in areas where it was strictly forbidden. Surprisingly there were even cell phones detected in the cafeteria, which is prohibited."
To combat the escalating number of contraband cell phones smuggled into prisons and correctional facilities, some prison officials have imposed fines of up to $5,000 and extended sentences up to five years when an inmate is caught using a contraband cell phone. Recently, Steve Largent, CEO of the CTIA, released a statement in support of the Cell Phone Contraband Act of 2009 (S. 1749), introduced by U.S. Senators Dianne Feinstein (D-Calif.) and Charles Grassley (R-Iowa), advocating the Senate to severely penalize prison inmates who use wireless services to conduct unlawful activities or harass and intimidate the public. According to Senator Feinstein, the bill would classify cell phones and wireless devices as contraband material, and anyone who provides, or attempts to provide, an inmate with a cell phone could face imprisonment of up to one year.
"BVS has sold a significant number of Bloodhound cell phone detectors to federal and state correctional facilities and numerous government agencies since its release on December 14, 2009. Of the hundreds of correctional facilities that have contacted BVS, the majority are frustrated with the number of cell phones that continually make their way behind bars and are desperate for a solution like BVS' cell phone detector," added Schober. "According to some correctional officers, cell phones are smuggled in through criminal defense lawyers, family members, food service staff, maintenance contractors and even corrupt security guards looking to make some extra cash."
Prior to the release of the Bloodhound cell phone detector, correctional facilities have had to battle the widespread use of contraband cell phones with specialized K-9 units that are trained to smell the batteries in cell phones. In the state of New Jersey, for example, the cost to purchase a trained dog is $5,000 plus the trainer's salary for a comprehensive ten-week course the dog and trainer are required to complete by the New Jersey Attorney General. Couple these costs with regular vet and food bills and the solution is costly. The inmates make the K-9 units' job even more challenging by hiding the cell phones in strong smelling foods such as peanut butter.
In addition, the FCC has been petitioned to allow cell phone jamming in prisons, currently prohibited under Section 333 of the Communications Act that specifically forbids any willful or malicious interference with licensed radio signals and prohibits the manufacture, importation or sale of any device intended to jam or disrupt wireless communications. Critics of cell phone jamming, including the CTIA, have expressed concern that cell phone jamming technology could interfere with emergency response and legitimate cell phone use near prisons.
As an alternative to cell phone jamming and K-9 units, The Bloodhound cell phone detector is a safe, legal, quick and cost-effective way to monitor and pinpoint unauthorized cell phones within correctional facilities 24 hours a day. The complete Bloodhound unit costs $1,800 and can also be utilized by government agencies that want to enforce a 'no wireless policy'.
BVS will be showcasing the Bloodhound cell phone detector at the International CTIA Wireless show in Las Vegas March 23-25th at booth #2400, as well as at the GovSec/U.S. Law Conference in Washington DC March 23 - 24th at booth #609.
About Berkeley Varitronics Systems
Berkeley Varitronics Systems, located in Metuchen, New Jersey, has been providing advanced wireless solutions and products to the domestic and international wireless telecommunications industry for over 35 years. Since 1995, BVS has introduced over 50 unique wireless test devices for a variety of applications including the popular Cellular, iDEN, PCS, CDMA, RFID, LTE, Mobile WiMAX, FIXED WiMAX, 802.11b/a/n/g & Bluetooth specifications. For more information about BVS, visit http://www.bvsystems.com.
The Berkeley Varitronics Systems logo, names and logos and combinations thereof, are trademarks of Berkeley Varitronics Systems, Inc. All other names are for informational purposes and may be trademarks of their respective owners.
CONTACT: Scott Schober, President and CEO, Berkeley Varitronics Systems,
+1-732-548-3737, snschober@bvsystems.com; or Kelly Gorychka, The Bernard
Group, Office: +1-512-617-6354 Cell: +1-512-922-8059,
kgorychka@bernardgroup.com, for Berkeley Varitronics Systems
ATS Corporation Announces New Contract Award Totaling $27.5 Million
MCLEAN, Va., March 16 -- ATS Corporation ("ATSC" or the "Company") (NYSE Amex: ATSC), a leading information technology company that delivers innovative technology solutions to government and commercial organizations, today announced that it has been awarded a $27.5 million, four-year contract with an agency within the Department of Defense to provide project management support, IT infrastructure operations and maintenance, information assurance and application software development and maintenance.
ATSC Chairman and Chief Executive Officer Dr. Edward H. Bersoff commented, "With this win, ATSC has been awarded over $50 million in new contracts so far in the first quarter of 2010. We're very pleased with this strong start to the year in building our backlog, increasing our revenue visibility, and continuing to win all our recompeted contracts."
About ATS Corporation
ATSC is a leading provider of software and systems development, systems integration, infrastructure management and outsourcing, information sharing, training and consulting to the Department of Defense, Federal civilian agencies, public safety and national security customers, as well as commercial enterprises. Headquartered in McLean, Virginia, the Company has more than 600 employees at 10 locations across the country.
Any statements in this press release about future expectations, plans, and prospects for ATSC, including statements about the estimated value of the contract and work to be performed, and other statements containing the words "estimates," "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: our dependence on our contracts with federal government agencies for the majority of our revenue, our dependence on our GSA schedule contracts and our position as a prime contractor on government-wide acquisition contracts to grow our business, and other factors discussed in our latest annual report on Form 10-K filed with the Securities and Exchange Commission on March 16, 2009, as amended on February 24, 2010. In addition, the forward-looking statements included in this press release represent our views as of March 16, 2010. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to March 16, 2010.
ORLANDO, Fla., March 16 -- Panda Security, the Cloud Security Company, today announced that Panda Cloud Antivirus (http://www.cloudantivirus.com) has received the first certification for a cloud-based antivirus product from ICSA Labs, an independent division of Verizon Business. An early entrant into the market, Panda Cloud Antivirus earned certification for its anti-virus desktop/server detection and anti-virus cleaning capabilities.
"It's exciting to see the security software industry move to a cloud-based architecture that will deliver big benefits to consumers and businesses, such as faster scanning speeds," says Andrew Hayter, anti-malcode program manager at ICSA Labs. "Especially in a nascent market, it's critical company products are rigorously tested by a third-party certification body, such as ICSA Labs, to verify that high standards of quality and reliability are met."
According to Pedro Bustamante, senior research advisor at Panda Security, "Panda Cloud Antivirus has received acclaim since its launch for both its technological innovation as one of the first cloud-based antivirus products with no impact on system resources, but also for the effectiveness with which it detects and neutralizes malware. The certification from ICSA Labs confirms that our solution is truly effective in protecting our users."
Panda Cloud Antivirus is free and can be downloaded from http://www.cloudantivirus.com. It is available in German, English, Spanish, Greek, French, Italian, Dutch, Polish, Portuguese, Swedish and Simplified Chinese.
Panda Cloud Antivirus, from Panda Security, represents a new security model based on ultra light client/server architecture to process and block malware more effectively and efficiently than traditional products which rely on locally installed signature files. By shifting the process of analyzing and identifying malware to the cloud, and applying non-intrusive interception techniques in client architecture, Panda Cloud Antivirus delivers advanced protection against new and unknown viruses with an extremely light, resource-friendly agent.
To achieve the ICSA Labs Anti-Virus Certification, products must meet all criteria for detection of malware in desktops and servers. Products must demonstrate they have the capability to detect, identify and prevent self-replicating malware while reporting no false positives.
Additionally Panda Cloud Antivirus has met all criteria for cleaning of malware on desktops and servers, which includes removal of "in-the-wild" viruses from infected files and sectors. The certified products must be able to remove all viruses without adversely affecting the data or functionality that existed before the infection.
About Panda Security
Founded in 1990, Panda Security is the world's leading provider of cloud-based security solutions, with products available in more than 23 languages and millions of users located in 195 countries around the world. Panda Security was the first IT security company to harness the power of cloud computing with its Collective Intelligence technology. This innovative security model can automatically analyze and classify thousands of new malware samples every day, guaranteeing corporate customers and home users the most effective protection against Internet threats with minimum impact on system performance. Panda Security has 56 offices throughout the globe with US headquarters in California and European headquarters in Spain.
Panda Security collaborates with Special Olympics, WWF and Invest for Children as part of its Corporate Social Responsibility policy.
ICSA Labs, an independent division of Verizon Business, offers vendor-neutral testing and certification of security products. Many of the world's top security vendors submit their products for testing and certification at ICSA Labs. Businesses rely on ICSA Labs to authoritatively set and apply objective testing and certification criteria for measuring product compliance and reliability. ICSA Labs was the first security-product testing organization to earn ISO/IEC 17025 accreditation, validating the laboratory's world-class capabilities. For more information about ICSA Labs, visit: http://www.icsalabs.com/.
Source: Panda Security
CONTACT: Shannon Walsh of Bateman Group, +1-415-269-0849,
panda@bateman-group.com, for Panda Security
Allot Launches CellWise: Groundbreaking Mobile Broadband Traffic Management
CellWise Alleviates Cell Backhaul Congestion and Increases User Experience by Applying Policy Control on a per Cell Basis
BOSTON, March 16 -- Allot Communications Ltd. (NASDAQ:ALLT), a leader in IP service optimization and revenue generation solutions based on Dynamic Actionable Recognition Technology (DART), announced today the launch of Allot CellWise, an innovative network service that is designed to enable mobile broadband operators to manage traffic down to the individual cell and alleviate backhaul congestion in real time by providing intelligence about their network at the cell level. CellWise is intended to manage costs and reduce customer churn by providing the operator with precise network knowledge and control, and contribute to the overall user experience by ensuring fair use per cell. CellWise is offered as an integrated service with Allot's intelligent policy control and charging solution included in the Allot Service Gateway platform.
"Cell congestion has traditionally been solved through heavy operator investment in the backhaul," explains Andrei Elefant, Allot Communication's Vice President of Product Management and Marketing. "Intelligent cell traffic management from a centralized location is both a cost effective and time efficient solution that enables operators to truly alleviate congestion on a point by point basis."
CellWise, which works in conjunction with Allot's Subscriber and Application awareness is part of Allot's multi-layered approach to intelligent policy control and traffic management which together enable the operator to decide exactly how the network's resources will be allocated. CellWise continuously maps subscribers to cells in real time. Using dynamic policy enforcement rules, the operator can define rules that will be enforced when congestion occurs on a particular cell.
Allot Service Gateway Sigma (SG-Sigma) has 60Gbps of throughput and is the only DPI-based Service Gateway platform designed to meet current and future service provider requirements. It facilitates the fast and easy introduction of new value-added network and subscriber services, including TierManager, Quota Manager, NetPolicy Provisioner MediaSwift, WebSafe and ServiceProtector - services designed to reduce network TCO, increase ARPU and enhance the user experience.
Allot CellWise is currently commercially available.
About Allot Communications
Allot Communications Ltd. (NASDAQ:ALLT) is a leading provider of intelligent IP service optimization solutions for fixed and mobile broadband operators and large enterprises. Allot's rich portfolio of solutions leverages dynamic actionable recognition technology (DART) to transform broadband pipes into smart networks that can rapidly and efficiently deploy value added Internet services. Allot's scalable, carrier-grade solutions provide the visibility, topology awareness, security, application control and subscriber management that are vital to managing Internet service delivery, enhancing user experience, containing operating costs, and maximizing revenue in broadband networks.
Safe Harbor Statement
Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the company's plans, objectives and expectations for future operations, including the market demand for Allot CellWise, expected performance characteristics of the CellWise and its ability to enable mobile broadband operators to manage traffic down to the individual cell and alleviate backhaul congestion in real time by providing intelligence about their network at the cell level; and to manage costs and reduce customer churn by providing the operator with precise network knowledge and control, and contribute to the overall user experience by ensuring fair use per cell. These forward-looking statements are based upon management's current estimates and projections of future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. These factors include, but are not limited to: changes in general economic and business conditions and, specifically, a decline in demand for the company's products; the company's inability to develop and introduce new technologies, products and applications; loss of market; and other factors discussed under the heading "Risk Factors" in the company's annual report on Form 20-F filed with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
Allot Communications Contacts:
Jonathon Gordon
Director of Marketing
Allot Communications
Tel: +972 9 7628423
jgordon@allot.com
CONTACT: Jonathon Gordon, Director of Marketing of Allot Communications,
+972-9-7628423, jgordon@allot.com; or Danielle Matthews of Calysto
Communications for Allot Communications, +1-404-266-2060, ext. 27,
dmatthews@calysto.com
SPiDCOM Powers Chinese Ethernet-Over-Coax (EoC) Market
PARIS, March 16, 2010--
China Content Broadcasting Network Expo 2010 (CCBN)
Beijing - March 23rd-25th
Hall 1 - Booth 2B601
- During CCBN Show, SPiDCOM and its partners will display the largest
range of Ethernet-over-Coax (EoC) products, based on SPiDCOM solutions.
- High-performance, cost competitive, scalable, open, remotely
manageable, SPiDCOM EoC Solutions are the ideal choice for Triple-Play
communications over existing coaxial cable networks.
- The new generation SPC300-EoC Solution will be presented on
the SPiDCOM booth, as well as the SCR310-EoC Bridge Reference Design.
SPiDCOM Technologies, the fabless semiconductor company
specializing in open solutions for anywire broadband communications, will
present the largest range of products based on its EoC solutions during China
Content Broadcasting Network (CCBN) show. CCBN is a leading international
event for digital TV and broadband network industries.
SPiDCOM based EoC products take advantage of existing CATV
networks to provide value-added services - like broadband Internet - all the
while coexisting with classical CATV signals. SPiDCOM has been a precursor in
this market with its Chinese partners, and now has a large installed base of
products all around China.
Unlike legacy technologies, SPiDCOM EoC solutions are cost
competitive and scalable, giving cable operator maximum flexibility. Global
system performance (throughput, adaptation to attenuation and noise, number
of nodes managed per master) makes SPiDCOM EoC solutions the ideal
technology. This is the result of SPiDCOM's deep experience of Chinese market
requirements and of previous extensive field deployments.
"SPiDCOM team cooperates very closely with its Chinese
partners to develop the EoC solutions that best adapt to cable operators
needs," said Radomir JOVANOVIC, President & CEO of SPiDCOM Technologies. "We
are proud to be among them at CCBN show, and to promote all their products."
SPiDCOM EoC solutions, open and fully remotely manageable
SPiDCOM provides the semiconductor chips, software and
reference designs to its partners, which then do the end-products.
The SPiDCOM EoC solutions are based on an open platform with a
Linux firmware. SPiDCOM delivers General Public Licence (GPL) Kernel & other
applications, as well as the adapted toolchain (gcc). This way, device
manufacturers can easily develop and customize their own applications as well
as their own network management tools. Furthermore, they can also develop
their own MIB for a perfect integration into their existing networks (e.g.
EPON).
SPiDCOM EoC networks are fully manageable and remotely
upgradable. SPiDCOM provides MIB files and SNMP agents for immediate
integration into existing or standard Network Management Systems. Open
architecture lets manufacturer design and customize network management tools
match operator needs. In addition to the SNMP options proposed, it is also
possible to use a Command Line Interface (CLI) or to implement a web based
management system.
SPC300-EoC Solution, the new generation
At CCBN show, SPiDCOM will display its new generation
SPC300-EoC Solution, composed of two versions:
- SPC300c SoC: 15x15mm 265-contact PBGA, with all interfaces
available, advised for master nodes design.
- SPC310c SoC: 20x20mm 176-contact PQFP, with an optimized set
of interfaces, advised for slave nodes design.
The first reference design is available and is designed for
low-cost EoC (Ethernet over Coax) slave modems, the SCR310-EoC Bridge
provides a high-performance solution for triple-play communications over
existing coaxial cable networks, with a fast time-to-market.
To know more about SPiDCOM EoC Solutions and start an original
product development, or to be put in touch with a company proposing SPiDCOM
based EoC end-products, or to request a meeting during CCBN show, please
contact media@spidcom.com.
About SPiDCOM Technologies:
SPiDCOM Technologies is a fabless semiconductor company.
We provide open System-on-Chips and Linux based software bundles for
"no-limits" developments enabling complete OEM/ODM product differentiation
(hardware, software, system).
Thanks to its unique mix of communication technologies, networking and
system expertise, SPiDCOM Powerline Communication solutions can convert any
wire into a broadband communications network. Applications include HomePlug
AV Home Networking, EoC (Ethernet over Coax), Access BPL, Smart Grid and
Smart Energy.
SPiDCOM actively participates to the standardization efforts inside the
major international regulatory and standards bodies, among them IEEE P1901
and HomePlug Powerline Alliance.
SPiDCOM, much more than a silicon provider, your "no-limits" solution
partner.
Media Contact:
Xavier MONGABOURE
SPiDCOM Technologies
Tel : +33-1-41-87-91-90
media@spidcom.com http://www.spidcom.com/
Source: SPiDCOM Technologies
Media Contact: Xavier MONGABOURE, SPiDCOM Technologies, Tel : +33-1-41-87-91-90, media@spidcom.com
Shorthand Mobile Announces New Category Of Apps - TextApps
World's First Text-Powered Apps Premiere, Delivering the Best of the Web to Millions of Consumers Without Data Plans
SAN DIEGO, March 16 -- Shorthand Mobile, Inc. is today announcing the launch of TextApps (http://www.shorthandmobile.com), a completely new category of apps that deliver content from top websites via SMS in a rich, interactive, graphical interface. Shorthand TextApps expand the capabilities of even the most basic phones and provide access to web content for the majority of mobile users without data plans.
"While there is incredible buzz around mobile app consumption, in reality, only 12% of the almost four billion mobile phone subscribers worldwide actually have data plans. Countless people are left sidelined when it comes to accessing mobile content. Shorthand is changing that," said John McDonough, CEO and Founder of Shorthand Mobile. "Shorthand Mobile's TextApps will bring valuable and popular web content to the mobile masses worldwide, many of whom don't yet have access to wired Internet. And it's all powered by SMS."
Launching in beta today on select Motorola and Nokia handsets on AT&T and on Windows Mobile phones across major U.S. carriers, Shorthand TextApps use SMS to expand access to top brands and mobile content including:
-- Social networks
-- Local search with user reviews
-- Sports scores and headlines
-- Weather forecasts
-- Movie times and rental queues
-- News and entertainment
-- Fast food text-ordering
In addition to launching in the US, Shorthand is now available in India on all major carriers and will launch in Brazil this spring, offering localized TextApps including social networking, job search, entertainment and news.
"Text messaging (SMS) will continue its dominance in the messaging arena for the foreseeable future and will evolve with additional features over the next three to five years," according to a recent study by global research and consulting firm, Frost & Sullivan. Shorthand Mobile finds itself in the epicenter of this eco-system, opening doors not just for mobile consumers but also for brands to connect with them in more targeted and innovative ways.
Using Shorthand's proprietary rapid development tools, TextApps can be published for content providers within days and offer the best way to reach mass-market mobile users without data plans.
With a rich user interface, Shorthand TextApps offer an enhanced look-and-feel and deliver functionality not possible when using regular SMS. Intuitive, scroll-and-click interactions deliver a seamless user experience and eliminate the need to remember or type short codes or keywords.
Shorthand TextApps are free-of-charge and can be downloaded now at shorthandmobile.com. A one-time download accesses the data channel, standard data rates apply. Because Shorthand works with text messaging, standard messaging rates apply based on the user's text plan.
About Shorthand Mobile, Inc.
Based in San Diego, Shorthand Mobile, Inc, is the world's first text-powered app store offering the first text-based apps, TextApps. Shorthand's TextApps work via SMS to deliver a rich, interactive user-experience for mobile customers worldwide without data plans. Because they use SMS, TextApps are the best way for websites and content providers to reach the largest possible mobile market. TextApps are designed to give access to mobile content ranging from social media to finance to entertainment on the phones people already own, using the plans they already pay for. For more information, please visit http://www.shorthandmobile.com.
Source: Shorthand Mobile, Inc.
CONTACT: Debra Benson of Illume Public Relations, +1-310-786-4706,
Debra@illumepr.com, for Shorthand Mobile, Inc.
Xilinx Demonstrates Cost and Power Reductions for 40G OTN Muxponder With Partial Reconfiguration Technology at OFC 2010
FPGA-based implementation showcases unique on-the-fly reconfiguration capabilities that reduce CapEx and OpEx of multi-port optical network applications
SAN JOSE, Calif., March 16 -- Xilinx, Inc. (NASDAQ:XLNX) today announced it will demonstrate the latest breakthrough 40-Gigabit Optical Transport Network (OTN) developments for integrated multiplexer/transponder (muxponder) applications at the 2010 Optical Fiber Communication Conference and Exposition. The demonstration combines proven partial reconfiguration technology from Xilinx with OTN IP solutions from Avalon Microelectronics Inc. to significantly reduce downtime and lower the bill of materials (BOM) cost and power consumption of multi-port (channel) networks.
Network operators can reduce overall capital expenditures (CapEx) and operating expenses (OpEx) with 'on-the-fly' reconfiguration of a selected port or multiple ports without having to power down the entire line card and when other ports are still up and running.
Using the unique partial reconfiguration capabilities available with Xilinx's high-performance Virtex® FPGAs, developers can also reduce muxponder size by 30 to 40 percent and lower power consumption as compared to devices without partial reconfiguration. Demonstrations by Xilinx and Avalon can be seen at OFC 2010 from March 23rd through March 25th at the San Diego Convention Center in Xilinx booth #3121 and Avalon booth #3231.
"The rapid deployment of residential video and boom of advanced personal and business services traffic continues to drive the evolution of wired communications to 40G and 100G OTN. At the same time, system operators and network carriers are being pushed toward integrated networking solutions to deliver any-port and any-service with lower costs, reduced power, and high quality of service," said Gilles Garcia, director of wired communications business at Xilinx. "Our partial reconfiguration capabilities leverage the aggressive performance of Virtex devices and Avalon's IP to enable cost and power reductions for wired communications. They also preserve the investments of telecomm equipment providers by enabling in-field system and port upgrades with the latest protocols and standards for longer time in market."
Enabling Multi-channel OTN Applications
Partial reconfiguration is the ability to dynamically modify logic blocks by downloading partial bit files without interrupting the operation of the remaining logic. The 40G OTN muxponder demonstration system deploys this technique to enable four independent ports (client channels) with support for OTU2, OC-192/STM-64, and 10GE LAN industry standards as examples. It uses an Avalon 40G test board ("Anaconda") jointly developed with Xilinx using two Virtex-5 LX330T FPGAs. An external 10G tester is connected to generate traffic and monitor each port for interference.
Each channel can be reconfigured on the fly by re-loading a partial bit stream to the Xilinx FPGA that instantiates only the chosen port persona rather than all possible port configurations as required by ASSP and ASIC implementations. This approach enables developers to use fewer and smaller devices to implement the FPGA-based 40G OTN muxponder. Developers can also save 30 to 45 percent of the logic capacity available in the two Virtex-5 devices and lower power consumption by eliminating the need to instantiate multiple clients per channel. For applications targeting the latest generation Virtex-6 FPGAs, single-chip implementation may be possible depending upon the specific configuration.
About Xilinx in Wired Communications
Xilinx is the worldwide leader in programmable logic solutions that offer scalable performance, flexibility, and re-configurability for longer time in market of wired communications systems. Xilinx Targeted Design Platforms simplify system development and enable greater differentiation for 10G, 40G, and 100G networking applications. For more information on how Xilinx enables wired system manufacturers to bring low cost, innovative products to market faster, visit: http://www.xilinx.com/wired.
#1020p
XILINX, the Xilinx logo, Virtex, and other designated brands included herein are trademarks of Xilinx in the United States and other countries. All other trademarks are the property of their respective owners.
Editorial Contacts:
Silvia Gianelli
Xilinx Public Relations
408-626-4328
silvia.gianelli@xilinx.com
NorthScale Enters Market, Addresses Exploding Cost of Web Application Data Management
Company releases free distribution of memcached open source software, unveils family of scale-out data management solutions optimized for web applications and cloud computing environments
MOUNTAIN VIEW, Calif., March 16 -- NorthScale, Inc., a Silicon Valley software startup, today introduced a new generation of elastic data infrastructure software, optimized for the data management requirements of modern web applications and cloud computing environments. The company was founded by leaders of the memcached open source project - a data infrastructure technology at the core of 18 of the top 20 most heavily trafficked websites, and thousands of others. Building on this foundation, the NorthScale Server family of products represents a new class of data management technology offering substantial cost, performance and scalability advantages over relational database technology, for the vast majority of data associated with web applications.
"Zynga's FarmVille, Cafe World, Mafia Wars and other games have over 235 million active users per month. We rely on technology from NorthScale to make that possible," said Cadir Lee, Chief Technology Officer at Zynga. "As long-time users and members of the memcached community, we have tremendous respect for the team at NorthScale. Our internal development work to extend memcached clearly matched with their vision and we've worked closely with the team through the development of NorthScale Membase Server. We expect to improve the performance and availability of our games while reducing hardware and administration costs as we continue to transition data from relational databases to NorthScale Membase technology."
New class of data begs for new class of database technology
In a recent white paper*, IDC estimates that "in 2012, the amount of digital information produced in the year should equal nearly 2,500 exabytes (equivalent to 2,500 billion gigabytes), or 5 times that produced in 2008." The white paper further identifies the growth of the Internet as a primary driver of this data explosion.
Today, web applications generate data at volumes far exceeding any other category of interactive software system, and for a much larger base of users. Much of this data, and the interaction patterns between software and data, differ fundamentally from those of transactional software systems such as payroll and ERP. In spite of the differences, relational database technology continues to be used as a "one size fits all" approach for both classes of software.
"Relational database technology has served us well for 40 years, and will likely continue to do so for the foreseeable future to support transactions requiring ACID guarantees. However, a large and increasingly dominant class of software systems and data do not need those guarantees," said Carl Olofson, Research Vice President with IDC. "Much of the data manipulated by Web applications have less strict transactional requirements but, for lack of a practical alternative, many IT teams continue to use relational technology, needlessly tolerating its cost and scalability limitations. For these applications and data, distributed key-value cache and database technologies such as NorthScale's provide a promising alternative."
"Relational database technology is intolerable overkill for the majority of data behind web applications - it's like using an 18-wheeler when a delivery van will do the job," said James Phillips, NorthScale Co-Founder and Chief Strategy Officer. "NorthScale is providing the delivery van, introducing elastic data infrastructure software that is simple, fast, and infinitely scalable - matching the scale-out needs and architecture of modern web applications and compute clouds, and promising substantial reductions in related capital and operating costs."
Introducing the NorthScale Server family of products
Introduced today, the NorthScale Server family of elastic data infrastructure software is designed to enable customers to start where they are, with existing relational database technology and expertise, and incrementally evolve toward a scale-out data architecture for their web applications. NorthScale products - NorthScale® Memcached Server(TM) and NorthScale® Membase Server(TM) - offer a practical, stepwise and seamless path forward.
First Step: NorthScale Memcached Server to Alleviate Database Load
NorthScale Memcached Server is an ideal starting point for IT teams adopting a scale-out data architecture for their web application and cloud computing infrastructures. NorthScale Memcached Server is an enhanced distribution of memcached, created and supported by the leading contributors to the memcached open source project. A distributed, in-memory caching technology, memcached is used alongside relational database technology - caching frequently used data, thereby reducing the number of database queries an application must perform. By augmenting versus replacing relational database technology, memcached is easy to adopt and offers immediate cost, performance and scalability benefits.
NorthScale has packaged memcached, making it easy to get, install and manage. The NorthScale Memcached Server is the only memcached distribution combining:
-- Secure application multi-tenancy - securely support multiple
applications on a shared cluster
-- Dynamic cluster scaling - effortlessly expand a memcached cluster with
automatic client updates
-- Browser-based cluster administration - easily monitor and manage a
memcached cluster
-- 100% "memcapable" certification - correctly and fully supports all
protocols and operations
-- First-class support for both Linux and Microsoft Windows technologies
"Operating Korea's number one search portal, Naver.com; the number one children's portal, Jr.naver.com; and the number one gaming portal, Hangame.com; NHN collectively serves nearly 70 million unique users," said Chang Song, Chief Performance Architect for NHN. "NorthScale Memcached Server will form the foundation of a shared data management infrastructure, supporting application development and production roll-out across divisions and business units. NorthScale's multi-tenancy capabilities are particularly important in our environment. NHN is proud to have worked with NorthScale in the open source memcached community on both defining and implementing the facilities needed to support the expanding needs of our caching services."
Next Step: NorthScale Membase Server for a Reliable, Persistent Database
NorthScale Membase Server is a high-performance, distributed key-value database that builds on the NorthScale Memcached Server foundation. Directly compatible with memcached APIs and existing client libraries, NorthScale Membase Server provides a place to store web application data far more efficiently and cost effectively than it can be stored in a relational database.
While memcached reduces the number of reads an application must do from the database, data is still ultimately stored in the relational database. Using NorthScale Membase Server an organization can identify and gradually "drain" data from a relational system to Membase, enjoying the simple, fast and infinite properties of memcached across both reads and writes, while slashing data management costs. NorthScale Membase Server provides:
-- Distributed key-value database - simple, fast, schema-free mechanism
for storing data objects
-- Infinite scalability - just add more commodity servers to expand data
and IO capacity
-- Extremely high-performance - the speed of memcached for both reads and
writes
-- Tunable persistence behavior - optimize write patterns to match
application needs
-- Pluggable storage engine - store data on- or off-node, with
user-replaceable storage subsystems
-- Fully configurable data replication - data-layer fault tolerance for
continuous application ops
Pricing and availability
The NorthScale Memcached Server software is available free of charge and may be downloaded from the NorthScale website. Subscription-based pricing for comprehensive maintenance and support plans starts at $799/server/year.
The NorthScale Membase Server is currently deployed in select customer environments and will be available for public beta testing soon - those interested may register to participate. Product availability and pricing will be announced in Q2 2010.
NorthScale also offers a Developer Kit that can be downloaded free of charge.
About NorthScale
NorthScale, Inc., the leading provider of elastic data infrastructure software, provides products that enable customers to dramatically lower costs while simultaneously improving the scalability and performance of their web applications. NorthScale is in production behind some of the world's busiest web applications: it is the primary database for the popular FarmVille and Cafe World applications at Zynga; and it provides a shared data management platform for NHN, Korea's largest web application operator with nearly 70 million unique users. Founded in 2009 and headquartered in Mountain View, Calif., NorthScale is a privately held company funded by Accel Partners and North Bridge Venture Partners.
* An IDC White Paper - sponsored by EMC. As the Economy Contracts, the Digital Universe Expands. May 2009
Sanborn Charts New Course in Geospatial Services Using Isilon IQ
Geospatial Information Leader Deploys Isilon Scale-out NAS to Increase Image Processing Speeds by 533 Percent, Accelerating Project Turnaround and New Business Acquisition
SEATTLE, March 16 -- Isilon® Systems (NASDAQ:ISLN) today announced that Sanborn has deployed Isilon scale-out NAS to power the image processing workflow that is core to its photogrammetric mapping and geographic information system (GIS) services. Using the Isilon IQ S-Series, featuring its OneFS® operating system, Sanborn has unified its image processing operations onto a single, high performance, highly scalable, shared pool of storage, increasing image processing speeds by 533 percent. With Isilon scale-out NAS, Sanborn can now process 8,000-10,000 images per day, compared to less than 2,000 prior to using Isilon IQ, accelerating project turnaround times and increasing Sanborn's bandwidth to accommodate new business opportunities.
"At Sanborn, customer demand for our geospatial solutions can simply be described as 'more, better, faster,' with each new project raising the bar in terms of size, complexity and turnaround time," said Doyle Heisler, director of IT, Sanborn. "While great for business, this demand was too much for our previous NAS system, making it clear we needed a truly scalable solution. By deploying Isilon IQ, we've increased image processing speeds 5X, enabling us to complete projects in much less time and pursue new business opportunities that would have been impossible without Isilon."
Sanborn is a comprehensive, end-to-end geospatial solutions company providing geographic and location-based information through custom applications including systems integration, spatial analysis and modeling. Prior to deploying Isilon scale-out NAS, the performance and scalability demands of Sanborn's image processing workflow overwhelmed its traditional NAS system, limiting image processing performance and workflow productivity. With multiple planes each equipped with high-resolution cameras producing hundreds of thousands of images per year, Sanborn needed a high performance storage system that could accommodate increasing customer demand, while simultaneously reducing the unnecessary storage management and escalating costs of its previous NAS system.
Working with Isilon partner and leading storage systems integrator Datalink, Sanborn deployed the Isilon IQ S-Series to unify its image processing workflow onto a single storage resource capable of scaling performance and capacity on-demand to meet the unpredictable needs of its data-intensive operations. With Isilon scale-out NAS, Sanborn can complete more projects in less time, while reducing storage management to less than one full-time equivalent, driving increased operating leverage across its organization and enabling the company to accommodate previously unattainable levels of new business.
"Government and private sector demand for geospatial solutions is reaching new heights, creating exciting business opportunities for innovative companies like Sanborn, while also creating massive headaches for traditional SAN and NAS systems," said Sam Grocott, vice president of marketing, Isilon Systems. "By using Isilon scale-out NAS to drive unprecedented productivity gains in its business, Sanborn is demonstrating the dramatic benefits our solutions can deliver not just for the data center, but for the bottom line, as well."
About Isilon Systems
Isilon Systems (NASDAQ:ISLN) is the proven leader in scale-out NAS. Isilon's clustered storage and data management solutions drive unique business value for customers by maximizing the performance of their mission-critical applications, workflows, and processes. Isilon enables enterprises and research organizations worldwide to manage large and rapidly growing amounts of file-based data in a highly scalable, easy-to-manage, and cost-effective way. Information about Isilon can be found at http://www.isilon.com/.
The names of companies mentioned herein are the trademarks of their respective owners.
Source: Isilon Systems
CONTACT: Lucas Welch of Isilon Systems, +1-206-315-7621,
lucas.welch@isilon.com; or James McIntyre of McClenahan Bruer,
+1-503-546-1016, james@mcbru.com, for Isilon Systems; or Melinda Brown of
Sanborn, +1-719-264-5611, msbrown@sanborn.com
Ness Completes First Year as Software Engineering Partner for Amadeus
Bangalore Lab Collaborates in Development for Amadeus' Online Solutions
HACKENSACK, New Jersey and BANGALORE, India, March 16, 2010-- Ness Technologies, Inc. (NASDAQ: NSTC and TASE: NSTC), a global provider
of information technology solutions and services, announced today that its
Software Product Labs SM business unit has completed the first year of a
multi-year engagement as software engineering partner for Amadeus, a leading
travel technology partner and transaction processor for the global travel and
tourism industry.
During this first year, Ness Software Product Labs has built a team of
150 people and collaborated in the development of elements of the Amadeus
e-Commerce Product Suite and solutions such as Checkmytrip.com, which allows
travelers to check up-to-date itineraries online, and business intelligence
solutions.
Operating from a software product lab in Bangalore, Ness' role is an
extension of Amadeus' global R&D efforts, enabling them to better service the
needs of travel partners worldwide.
"Amadeus has always had a strong commitment to investing in the
development of leading technologies that ensure our customers stay at the
forefront of the travel industry. Our decision to extend our engineering
organization with Ness' support reaffirms that commitment, allowing us to
draw on the immense software engineering talent pool in India , as well as
Ness' own software product development expertise," said Jean-Paul Hamon,
Amadeus' Executive Vice President, Development.
"Amadeus' pioneering technology has established them as an innovator in
the global travel and tourism ecosystem," said Holly Ripley-Boyd, President,
Ness Software Product Labs. "We are committed to helping Amadeus advance its
technology vision and pleased to collaborate with them on their current
product portfolio and the next-generation products for the travel industry."
About Ness Technologies
Ness Technologies (NASDAQ: NSTC and TASE: NSTC) is a global provider of
IT and business services and solutions with specialized expertise in software
product engineering; system integration, application development and
consulting; and software distribution. Ness delivers its portfolio of
solutions and services using a global delivery model combining offshore,
near-shore and local teams. With about 7,800 employees, Ness maintains
operations in 18 countries, and partners with numerous software and hardware
vendors worldwide. For more information about Ness Technologies, visit http://www.ness.com.
About Amadeus
Amadeus is the chosen technology partner and transaction processor for
the global travel and tourism industry. The company provides distribution and
technology solutions to help its customers adapt, grow and succeed in the
fast changing travel industry. Customer groups include travel providers
(airlines, hotels, car rental companies, railway companies, ferry lines,
cruise lines, insurance companies and tour operators), travel sellers (travel
agencies) and travel buyers (corporations and travelers). Amadeus operates
under a transaction-based business model that offers IT solutions to
virtually all players in the travel industry. The Amadeus system processed
more than 670 million billable travel transactions in 2009.
Amadeus has central sites in Madrid (corporate headquarters & marketing),
Nice (development) and Erding (Operations - data processing centre) and
regional offices in Miami, Buenos Aires, Bangkok and Dubai. At market level,
Amadeus maintains customer operations through 72 local Amadeus Commercial
Organizations covering 195 countries. The company is majority owned by
AMADEUS IT HOLDING, S.A., whose shareholders are BC Partners, Cinven, Air
France, Iberia and Lufthansa. The Amadeus group employs over 9,300 employees
worldwide, with 123 nationalities represented at the central offices. More
information about Amadeus is available at: http://www.amadeus.com.
Forward Looking Statement
This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements often are preceded by words such as "believes," "expects," "may,"
"anticipates," "plans," "intends," "assumes," "will" or similar expressions.
Forward-looking statements reflect management's current expectations, as of
the date of this press release, and involve certain risks and uncertainties.
Ness' actual results could differ materially from those anticipated in these
forward looking statements as a result of various factors. Some of the
factors that could cause future results to materially differ from the recent
results or those projected in forward-looking statements include the "Risk
Factors" described in Ness' Annual Report of Form 10-K filed with the
Securities and Exchange Commission on March 15, 2010. Ness is under no
obligation, and expressly disclaims any obligation, to update or alter its
forward-looking statements, whether as a result of such changes, new
information, subsequent events or otherwise.
Ness Technologies media contact:
David Kanaan
Intl: +972-54-425-5307
Email: media.int@ness.com
First-Ever Doritos MLG Pro-Gaming Combine Debuts in Nashville
More than 1,200 Video Game Fans From the South East Region are Registered to Participate in the First-Ever Dedicated Amateur Gaming Competition
NEW YORK, March 16 -- Aspiring professional video gamers from the South East region will now have a chance to make their dreams a reality at the Doritos MLG Pro-Gaming Combine on March 26 - 28 at the Gaylord Opryland Hotel in Nashville, Tenn. Nashville marks the first stop on the four-city tour of the first-ever nationwide skills challenge in competitive video gaming history.
MLG pros from around the South East region scheduled to attend include some of the biggest talent in the league:
-- Michael 'Strongside' Cavanaugh of Edgewood, Ky.; a member of the 2007
MLG Pro Circuit National Championship Team, Final Boss
-- Justin 'Pistola' Deese of West Columbia, N.C.; a member of Triggers
Down, the number one ranked team during the 2009 MLG Pro Circuit
season
-- Anthony 'Totz' Pennacchio of Bloomingdale, Ill.; the newest member of
the storied MLG Pro Circuit team franchise, Final Boss
-- Wes 'Clutch' Price of Memphis, Tenn.; a member of the 2009 MLG Pro
Circuit National Championship Team, Believe the Hype
Players are flocking to http://www.doritoscombine.com daily for information about where they can hone their skills online and get a first-hand taste of the level of competition they will see in person at the Doritos MLG Pro-Gaming Combine. More than 1,200 individual players and 256 teams of four competing in the 4X4 bracket have filled the playing field to date. Individuals competing in the Free For All (FFA) can still sign up online through March 22 or in-person on the first day of the event.
Spectators can attend free of charge to cheer on their friends and family members, or they can sign up to compete in one-off competitions against other spectators, and meet many of MLG's pros and personalities in person.
MLG pros and personalities will be holding eight strategy seminars on Friday and Saturday to help aspiring players elevate their games to a new level. Topics include: "The Mental Game," "Support Players," and "Team Captains." An interactive Q&A session with each pro will be held on Sunday.
Full details about the event are available at http://www.doritoscombine.com, including specifics about the Combine format and other upcoming events.
Doritos MLG Pro-Gaming Combine
At each three-day Combine, more than 400 players will be selected and evaluated by the MLG in key areas including: communication, accuracy, decision making and situational performance.
A total of eight Combine winners will be chosen, which will consist of the top four-person team and four individual players. Each winner will receive:
-- $500 cash prize
-- Roundtrip airfare of up to $500 per trip to attend the MLG Pro Circuit
Competition and National Championship Competition (pending eligibility
for Doritos brand Finals Event)
-- 3-days lodging to attend the MLG Pro Circuit Competition; team pass;
ability to play on a Feature Station
-- Free entry into the Halo 3 Pro Circuit Event; opportunity to purchase
reserved team pass
-- Profile page on Doritos MLG Pro-Gaming Combine Web site
-- The ability to play on a Feature Station at the upcoming Pro Circuit
Competition
-- Gaming prize package, including Astro Gaming Headset, Flip Video(TM)
Camera and more
-- Combine winner jersey
The series of nationwide Combine competitions will culminate with a Finals Event, where four players will receive MLG pro status.
The Doritos MLG Pro-Gaming Combine is a first-of-its-kind initiative, bringing together thousands of amateurs with MLG Pros and League officials across America. The partnership provides aspiring gamers with a rigorous testing ground that showcases their skills and an opportunity to further gain exposure through MLG's thriving community of players.
ABOUT FRITO-LAY
Doritos tortilla chips is one of the many brand that make up Frito-Lay North America, the $12 billion convenient foods business unit of PepsiCo, which is headquartered in Purchase, NY. In addition to Frito-Lay, PepsiCo business units include Pepsi-Cola, Quaker Foods, Gatorade and Tropicana. Learn more about Frito-Lay at the corporate Web site, http://www.fritolay.com/, the Snack Chat blog, http://www.snacks.com/ and on Twitter at http://www.twitter.com/fritolay.
PepsiCo offers the world's largest portfolio of billion-dollar food and beverage brands, including 18 different product lines that each generate more than $1 billion in annual retail sales. Our main businesses - Frito-Lay, Quaker, Pepsi-Cola, Tropicana and Gatorade - also make hundreds of other nourishing, tasty foods and drinks that bring joy to our consumers in over 200 countries. With more than $43 billion in 2008 revenues, PepsiCo employs 198,000 people who are united by our unique commitment to sustainable growth, called Performance with Purpose. By dedicating ourselves to offering a broad array of choices for healthy, convenient and fun nourishment, reducing our environmental impact, and fostering a diverse and inclusive workplace culture, PepsiCo balances strong financial returns with giving back to our communities worldwide. For more information, please visit http://www.pepsico.com.
ABOUT MAJOR LEAGUE GAMING
Founded in 2002, Major League Gaming (MLG) is the dominant media property exclusively targeting the approximately 40 million consumers in North America who have a passion for playing video games as a competitive social activity. The company exclusively represents the best professional gamers and gives millions of aspiring gamers around the world an opportunity to compete, improve their skills, and socialize through our thriving online competitive community and live Pro Circuit competitions. For more information: http://www.mlgpro.com.
Contacts:
Amy Janzen
Major League Gaming
917-209-6819
ajanzen@mlgpro.com
Michelle Curran
Double Forte
415-848-8120
mcurran@double-forte.com
Source: Major League Gaming
CONTACT: Amy Janzen of Major League Gaming, +1-917-209-6819, or
ajanzen@mlgpro.com; Michelle Curran of Double Forte, +1-415-848-8120, or
mcurran@double-forte.com, for Major League Gaming
- Path Finder Technology Guarantees Network Connectivity and Policy
Enforcement
NCP engineering (http://www.ncp-e.com) today announced a breakthrough in
remote access, with a solution to the complex network connectivity issues
created by firewall settings that prevent IPsec communication. The company's
Path Finder technology ensures users are able to establish a secure
connection to the corporate network from any remote location, granting full
IPsec VPN access and policy enforcement-without compromising productivity or
security. The user simply logs onto the local network, as they would any
other, and connects to the corporate network without delay or the need to
change settings. Further, local network security is never compromised,
ensuring both corporate and public security policies are followed.
The problem of IPsec-hostile firewall settings is commonly found in
public Internet access points, where the provider-hotel, airport, coffee
shop, etc.-secures its network by restricting Web traffic to allow only
Internet browsing and email. Restricting firewall settings in this way has,
until today, prevented IPsec VPN access-resulting in users spending hours
working with their company's IT support team to establish remote network
access beyond simply checking email and surfing the Web.
How It Works:
- NCP engineering's Path Finder technology is integrated into the
company's VPN clients (http://www.ncp-e.com/en/solutions/vpn- products/secure-entry-client.html).
This feature recognizes that the VPN gateway cannot connect via
standard IPsec protocol, automatically changes to a modified Ipsec
protocol and emulates HTTPS to establish a connection.
- With this technology, there is less performance requirement on the
gateway side, as all security aspects under IPsec are continuously
considered (i.e. end-to-end security on the basis of a
centrally-determined security policy).
Supporting Quotes:
- "Customers who have rethought their remote access systems with the NCP
Secure Enterprise Management System ( http://www.ncp-e.com/en/solutions/vpn-products/secure-enterprise-solution/secure-enterprise-management.html)
will see a significant drop in IT support calls and reclaim hours of
lost productivity from staff working remotely-from home, in a hotel,
at an airport, etc.," said Jorg Hirschmann, CTO, NCP engineering.
"Network connectivity problems related to IPsec-hostile firewall
settings are a thing of the past with our Path Finder technology."
Resources:
- For more information about NCP engineering's Path Finder technology,
please visit http://www.ncp-e.com.
(Due to the length of these URLs, it may be necessary to copy and
paste the hyperlinks into your Internet browser's URL address field. Remove
the space if one exists.)
Headquartered in Nuremberg, Germany, NCP engineering helps IT network
managers secure data transmission in public networks and across the Internet.
Organizations that employ remote access, mobile computing, teleworking and
e-commerce throughout the world rely on NCP for key secure communications
technology including Remote Access, IP-Routing, VPN and Firewall solutions,
Identity and Access Management (IAM) and Network Access Control (NAC). The
firm is devoted to avoiding vendor-lock for customers through regular
compatibility testing and full integration with PKI-Infrastructures, as well
as support for two-factor authentication on end-devices. NCP serves North
American customers through a network of technology, reseller and VAR, and OEM
partners, including WatchGuard and Astaro.
Grub.it Released - Location-Based Dish Review Web & Mobile Application
WASHINGTON, March 16 -- Today marks the official release of Grub.it (http://grub.it/), a location-based web and mobile application that allows people to review individual dishes at local restaurants. Grub.it makes it easy for people to find top-rated meals wherever they are and review them on the go.
Unlike traditional food review sites, Grub.it focuses on individual dishes instead of the restaurant as a whole. This makes it easy for people to see what is popular at a given establishment or find the best place to eat their favorite food. Grub.it's feature-rich mobile application allows people to 'grub a dish' (review what they are eating) from their iPhone or iPod Touch and share this with their friends on Twitter or on Facebook. The mobile version of Grub.it also allows people to find highly-rated dishes near their current location and keep track of what their friends have been grubbing, allowing them to discover new dishes in an organic, social way.
Grub.it can connect people with local specialties, hidden gems, and exquisite meals in their neighborhoods and beyond. Because users rate individual dishes, the reviews paint a more accurate and detailed picture of the restaurant. Grub.it allows people to see if a restaurant has only one standout dish in an otherwise mediocre menu, or if a return visit might be in order so they can sample more. Not sure what to order at a new establishment? At an old standby and wondering if it's time to try one of their new creations? With Grub.it, people can find out what others are saying and add their opinions from the table.
Grub.it can be a powerful tool for restaurant owners as well as diners. By exposing valuable information about how people respond to each dish, Grub.it can help proprietors build business. Owners can find out why certain menu items are selling better than others at different locations and gain a better understanding of the key demographics and taste preferences of their customers. "Restaurant owners will soon be able to respond to reviews directly from the Grub.it website, among many other features aimed at helping owners improve their businesses," said Pradeep Elankumaran, Director of R&D at Intridea.
The mobile version of Grub.it is currently available for the iPhone and iPod Touch in the App Store. "An Android version of Grub.it is coming soon, as well as a version for Palm webOS," said Brendan Lim, Director of Mobile Development at Intridea. Grub.it for iPhone and iPod Touch was developed using Appcelerator's Titanium Mobile (http://www.appcelerator.com) platform.
About Intridea
Intridea, Inc. is a high-end web and mobile consultancy that develops high-performance web and mobile applications for startups, government, and commercial clients. Intridea develops solutions for all mobile platforms, with particular emphasis on the iPhone, Google Android, and Palm webOS devices. Solutions currently offered include Present.ly, the mobile-enabled microblogging platform for enterprise companies, and CrowdSound, the enterprise user feedback tool. Intridea is headquartered in Washington, D.C. For more information, please visit http://www.intridea.com.
Akamai Selected as Netflix Content Distribution Network Partner
CAMBRIDGE, Mass., March 16 -- Akamai Technologies, Inc. (NASDAQ:AKAM), the leader in powering video, dynamic transactions and enterprise applications online, today announced it has been selected as the primary content delivery network for movies and TV episodes streamed instantly over the Internet by Netflix. Akamai gives Netflix a strong foundation for the continued growth of its ability to stream instantly, including Netflix's planned expansion to stream to one country outside the U.S. later this year.
By the end of 2009, almost half of the 12.3 million Netflix members had instantly watched a movie or TV episode on either a computer or TV via a Netflix ready device. Netflix projects that number will grow dramatically this year and in the years to come. Netflix chose Akamai's global distribution platform for its highly scalable performance and storage capacity to ensure uninterrupted streaming of hundreds of thousands of movies and TV episodes during peak times.
"Netflix changed the way Americans watch movies when we started sending DVDs in the mail to subscribers in 1999. We're revolutionizing movie watching a second time by instantly streaming movies to Netflix members' TVs and computers via the Internet," said Andrew Rendich, head of Netflix operations. "We chose Akamai as our primary content delivery network because we need a strong partner to deliver movies instantly and to be able to meet our ever-increasing demand."
"Akamai's solutions are a perfect fit to support Netflix as it undergoes a strategic business model shift from traditional DVD shipment to streaming," said Robert Hughes, Executive Vice President of Global Sales, Services and Marketing at Akamai. "Netflix is well-positioned to profit from the video streaming wave, especially as more Internet-connected televisions, devices and video game consoles enter the market. The growth of online movie services, long-form video and higher quality content puts the Internet to the test, and Akamai has the architecture and scalability to succeed."
Akamai offers a service layer to bring content in HD-quality to the edge of the Internet, closest to end users. By distributing content closer to the edge, with servers less than 100 miles from all end users, Akamai's service allows for the fastest, most reliable delivery path from the server to the user. This delivery approach improves the performance and reliability of HD files, one of the essential requirements for instant download and delivery of movies, which results in an uninterrupted, smooth playback viewing experience.
The Akamai Difference
Akamai® provides market-leading managed services for powering video, dynamic transactions, and enterprise applications online. Having pioneered the content delivery market one decade ago, Akamai's services have been adopted by the world's most recognized brands across diverse industries. The alternative to centralized Web infrastructure, Akamai's global network of tens of thousands of distributed servers provides the scale, reliability, insight and performance for businesses to succeed online. Akamai has transformed the Internet into a more viable place to inform, entertain, interact, and collaborate. To experience The Akamai Difference, visit http://www.akamai.com.
Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, the effects of any attempts to intentionally disrupt our services or network by hackers or others, changes in Netflix's technologies or to Akamai's streaming technologies such that they are no longer inter-operable, failure of our services to operate as expected, a failure of Akamai's network infrastructure, and other factors that are discussed in Akamai's Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.
Contacts:
Jennifer Donovan Noelle Faris
Media Relations Investor Relations
650-627-5395 617-444-4676
jdonovan@akamai.comnfaris@akamai.com
CONTACT: Jennifer Donovan, Media Relations, +1-650-627-5395,
jdonovan@akamai.com, or Noelle Faris, Investor Relations, +1-617-444-4676,
nfaris@akamai.com, both of Akamai Technologies, Inc.
Didriks, a Cambridge, MA based retailer of premium outdoor furniture and housewares, announced the launch of their new web site, 'Linens by Didriks' - http://www.belgian-linen.com. The new site showcases Belgian table linen and bed linen by Libeco Home.
CAMBRIDGE, Mass., March 16 -- Didriks, a Cambridge, MA based retailer of premium outdoor furniture and housewares, announced the launch of their new web site, "Linens by Didriks" - http://www.belgian-linen.com. The new site will spotlight the collections of Libeco Home linen, known worldwide as a premium provider of Belgian linen fabric and home linen.
The web site offers the entire catalog of Libeco Home products, expanded information on care and benefits of linen. An accompanying blog features up-to-date product features and information.
Jonathan Henke, owner of Didriks, said, "Our customers and staff really love the linen products we sell and European table linen is of such quality that it is often passed between generations. This site should help those searching for Belgian linen to find our products more easily."
Kathryn Richardson, VP Sales Libeco-Lagae, said, "A long-time purveyor of Libeco Home's full product line, Didriks has done a superior job in communicating the beauty and understanding of Belgian linen. We are truly pleased to have the 'Linens by Didriks' web site offer a complete selection of Libeco Home linens."
About Libeco Home
Libeco-Lagae was founded in 1858 by Paul Libeert as a small hand-loom weaving workshop, and has grown to be the market leader in Belgian linen and one of the largest linen weavers in Europe. Libeco Home specializes in manufacturing and distributing high end household linen and exclusive linen fabrics.
About Didriks
Didriks helps customers create inspired home environments with their collection of home furnishings, accents and outdoor furniture. Didriks carries teak and stainless steel outdoor furniture, by Barlow Tyrie, Belgian linens from Libeco Home, tablemats by Sandy Chilewich and dinnerware from companies including Simon Pearce, iittala, Heath Ceramics, Match Pewter and more. Address: 190 Concord Ave in Cambridge, MA (M-F 10-7, Sat 10-6, Sun 11-5) or visit http://www.didriks.com and http://www.belgian-linen.com.
For further information contact us at (617) 354-5700.
Electronic Cigarettes Continue to Experience Popularity Growth
The products known as electronic cigarettes are still experiencing large amounts of popularity growth in the United States since they were introduced to the country in 2006.
GAINESVILLE, Fla., March 16 -- The new face of tobacco smoking has now become vaping due to the increasing popularity of the electronic cigarette. This product was so revolutionary that even pharmaceutical industry reports stated that "e-cigarettes will revolutionize the face of tobacco smoking and could pose a threat to the smoking cessation market."
Even public health officials that have been in the anti-tobacco movement for over 25 years are singing praises to this new product, stating that this could be the product that could change the way people look at tobacco for the rest of time.
Joel Niztkin, Chair of the Tobacco Control Task Force for the American Association of Public Health Physicians, went as far as to say this: "We have every reason to believe the hazard posed by electronic cigarettes would be much lower than 1% than that posed by tobacco cigarettes. The testing guidelines in the current tobacco act would represent a ban on electronic cigarettes. Yet, if we get all tobacco smokers to switch from regular cigarettes to electronic cigarettes, we would eventually reduce the US death toll from more than 400,000 a year to less than 4,000, maybe as low as 400."
With industry experts making such bold statements about the electronic cigarette, is it any wonder that its popularity among smokers and support from non-smokers alike has skyrocketed the sales of this new product while removing the stigma and guilt that smokers have been carrying around for decades? Since the truth has come out concerning the harm that cigarettes create for both the smoker and bystanders that are affected by secondhand and sidestream smoke, smokers now have an alternative that is acceptable across the board.
Digital Sun Debuts Irrigation 'Thermostat' for Your Lawn
S.Sense Wireless Sensor Upgrade for Smart Irrigation
SAN JOSE, Calif., March 16 -- Digital Sun, Inc., a leading developer of smart irrigation products, unveils a revolutionary product for residential and commercial markets - S.Sense Wireless Soil-Moisture Sensor Upgrade.
This remarkable new product provides wireless, sensor-based control; utilizing breakthrough technology to provide a professional-quality smart irrigation solution.
S.Sense acts like a "Thermostat" for your lawn, with sensors continuously monitoring the moisture in the soil and communicating wirelessly with the receiver to manage the water used to keep landscapes healthy and green.
Sensor control provides more efficient use of water. Water conservation is a critical issue in the regions of the US experiencing sporadic drought conditions, increasing demand and higher costs.
Rex Dixon, industry veteran and former president of the Irrigation Association, says, "The future of smart irrigation is in sensor-based control and Digital Sun's new wireless sensors can upgrade any existing controller today."
Typical automatic sprinkler systems are controlled by a timer that waters on a repetitive schedule; "blind" to changes in environmental conditions that affect soil moisture, like rain, humidity or sun. These systems can waste thousands of gallons of water on days they run when water is not needed. S.Sense is a highly effective way to reduce the water wasted by these inefficient irrigation systems.
The patented S.Sense solution is a smart upgrade to existing automatic sprinkler systems. It consists of wireless sensors inserted in the ground and a receiver that connects to any existing automatic sprinkler system controller. These professional-grade wireless units can be installed by anyone in just a few minutes.
Digital Sun is the leading provider of sensor-based smart irrigation products for commercial and residential markets. The company delivers solutions that provide more efficient and effective use of water for the maintenance of healthier landscapes. Digital Sun is a privately-held company based in San Jose, CA.
VoSKY's New PBX Gateway Is Industry's First to Achieve Skype for SIP Certification
PBX-to-Skype for SIP gateway lets SMBs take advantage of low-cost global calling rates and enhanced business communications
SUNNYVALE, Calif., March 16 -- VoSKY, the market leader in developing Skype for business solutions, today announced that its PBX-to-Skype for SIP Gateway, the VoSKY SSG, is the industry's first gateway to be certified as interoperable with Skype for SIP.
Skype for SIP interoperability with the new VoSKY SSG will enable small- and medium-sized businesses (SMBs) to connect their legacy PBX and Key systems to Skype. This way, SMBs can maximize the functionality of their current communications system to reduce communications costs, while also enhancing their business communications by enabling over 520 million Skype registered users to call their organization for free over Skype.
"With the VoSKY SSG, companies of any size can utilize Skype for SIP Open Beta with their existing legacy phone systems at a low start-up cost," said David Gurle, general manager and vice president of Skype for Business. "They can quickly and easily open up their communications systems to the benefits of Internet communications and enjoy the ongoing savings, while also enhancing the way they connect, collaborate and interact with colleagues, partners, suppliers and customers."
The VoSKY SSG is available in two versions, supporting either 4 or 8 channels. It offers seamless integration with Skype for SIP Open Beta with any analog PBX or key system, connecting via a conventional (FXS) analog port. It allows businesses to take advantage of Skype's cost savings and enhanced business features without restructuring their existing communications network and infrastructure.
The VoSKY SSG also allows businesses using the Skype for SIP Open Beta to place click-to-call buttons on their corporate Web site. These click-to-call buttons enable customers using Skype to call the business directly for free with just one click. Having received a call via a click-to-call button, the VoSKY SSG directs this inbound call to the company's legacy PBX system for it to be routed to the intended recipient.
David Tang, VP of global marketing for VoSKY, said: "As the industry's first certified Skype for SIP gateway for PBXs, the VoSKY SSG gives businesses reliable, plug-and-play access to all the features made possible by Skype for SIP. The new gateway is a great solution for SMBs, which do not have IP PBXs and have not traditionally been able to take advantage of the cost benefits of Skype for SIP. The VoSKY SSG gives them a cost-effective method of using Skype for SIP with any type of telephone system: they simply plug it into their existing legacy PBX or KTS and immediately start reaping the benefits, such as low-cost calling rates and enhanced business communications. It enables return on investment within two to three months."
Based in the heart of Silicon Valley, VoSKY is the global leader in empowering businesses to leverage Skype. The company's proven, enterprise-grade solutions create new opportunities for small-to-medium size businesses (SMBs) and enterprises to reduce communications costs and improve productivity. VoSKY Exchange, the company's flagship product, is an award-winning PBX-to-Skype application gateway that seamlessly integrates a company's phone system with Skype. This plug-and-play platform is compatible with any existing TDM or IP PBX phone system.
VoSKY is a wholly owned subsidiary of Actiontec Electronics. In addition to its headquarters in Sunnyvale, CA, VoSKY maintains branch offices in Colorado Springs, CO; Basingstoke, United Kingdom; Beijing, China; Bogota, Colombia; Shanghai, China; and Taipei, Taiwan.
On release the VoSKY SSG will only be available to customers based in the US.
Skype is not a replacement for traditional telephone services and cannot be used for emergency calling. Skype for SIP is meant to complement existing traditional telephone services used with a corporate PBX, not as a stand-alone solution. Skype for SIP users need to ensure all calls to emergency services are terminated through traditional fixed line telephone services, connected to the local exchange, or through other emergency calling capable telephone services.
Skype, associated trademarks and logos and the "S" symbol are trademarks of Skype Limited.
Source: VoSKY
CONTACT: Priya Mistry or Craig Coward, both of Context Public Relations,
+01625 511966, vosky@contextpr.co.uk, for VoSKY; or Stephanie Wu of VoSKY,
+1-408-752-7700, s.wu@vosky.com
Voices.com Releases Mobile App for iPhone, iPod and BlackBerry
TORONTO, March 16 -- Voices.com is joining the mobile revolution with its own app to showcase its roster of over 25,000 voice over talents by making MP3 audio samples available with the touch of a finger.
Voices.com's mobile application, or "app" as they are commonly called, is fundamentally changing how audio and video producers search for, audition and hire professional voice over talent.
Users can find a complete listing of audio samples organized by category such as audiobooks, movie trailers, podcasts, radio, television, videogames and voicemail recordings.
Voices.com's services are growing and converging, providing the underpinnings for dramatic growth in mobile Internet usage by its key customers and access to its web application via impressive mobile devices.
Key features of the Voices.com Mobile App include:
-- Optimized browsing experience with smooth screen rotation
-- Audio samples available to play with the touch of a finger
-- Click-to-call functionality to connect with a live Voices.com
representative
-- Integration with Google Maps to locate Voices.com's head office
-- Quick links to mobile versions of Voices.com's Facebook and Twitter
accounts
On the heels of Apple's success with the App Store, other device manufacturers and operating system providers, including BlackBerry and the Android platform championed by Google, will be aggressively marketing their own virtual storefronts where Voices.com will showcase its application.
Voices.com is well positioned to offer value-added services to mobile-enabled customers both in North America and Europe as well as emerging markets where multimedia production is used in mass communications.
Voices.com was established in 2004 and is now the technology and industry leading website that connects businesses with professional voice actors. Radio and television stations, advertising agencies and Fortune 500 companies rely upon the Voices.com marketplace to search for, audition and hire voice actors with the assistance of our innovative SurePay(TM) escrow service and our Web application.
The winner of several awards, including the 1to1 Impact Award for Full-Suite CRM, CRM Elite Award, and the DigiFest New Voices Award, Voices.com has raised its profile significantly this year ranking on the PROFIT Hot 50 recognizing 534% growth over the past two years in 2009 and was featured on Backbone Magazine's and KPMG's annual Pick 20 Listing as an "innovative company." Clients include NBC, ESPN, PBS, Nintendo, Comcast, the US Government and thousands more.
World Compliance: Creating Stronger Ties To Fight Crime
- Open Source Intelligence used to aid in the fight against drug trafficking and money laundering - World Compliance and Verifica create partnership to offer state of the art Know Your Customer (KYC) technology
MIAMI, March 16 -- As drug trafficking and money laundering continue to grow, governments are enacting tougher laws to combat the surge. Costa Rica is no different, leading the fight by instituting tougher legislation in this country of four million inhabitants. To achieve this goal, companies -- primarily financial institutions -- are required to identify their customers and the source of their income.
World Compliance announced today a partnership agreement with Verifica, Costa Rica's leading provider of Anti-Money Laundering and Know Your Customer software. "The partnership with Verifica is the culmination of several months of development to ensure that the product we deliver is the absolute best in class," said Jose Da Silva, Latin America Sales Director for World Compliance.
"We have combined efforts to offer a solution that not only provides customers with profiles containing unique identifiers such as national IDs, photos, date of birth as well as a relationship tree with their family members and associates, but also instant alerts from major warning lists such as the FBI, OFAC, Interpol and SUGEF," added Mr. Da Silva.
About Verifica
Verifica S.A.S.I. is the leading provider of Anti-Money Laundering (AML) and Know Your Customer (KYC) software in Costa Rica. They provide solutions and help protect over 95% of the country's financial institutions and over 1,200 commercial enterprises.
Verifica S.A.S.I. is a subsidiary of the Teletec Group and is composed of the Teletec credit bureau, Gestionadora Internacional and Soluciones Ubicar.
World Compliance protects over 2,000 clients in over 100 countries and offers solutions for compliance with FCPA, The USA Patriot Act and European Union regulations. Their products are used to identify entities linked to over twenty risk categories including corruption, terrorism financing, narcotics, money laundering, fraud, collateral crimes and politically exposed persons.
- New antenna supports the WiMAX market around the world -
RENO, Nev., March 16 -- Pinyon Technologies, developer of unique antenna solutions based upon its patented AirWire® technology, today announced its WiMAX Tri-Band antenna. The AirWire WiMAX Tri-Band antennas cover all of the licensed spectrum profiles for WiMAX enabling OEM manufacturers to outfit their CPE for any WiMAX market around the world with the same antenna. AirWire WiMAX Tri-Band antennas provide polar diversity, adding an additional degree of antenna diversity to a wireless system equipped with MIMO spatial diversity.
"Pinyon's patented resonant slot AirWire antenna is specifically designed to operate in noisy environments through polarization diversity," said Debashis Bagchi, Pinyon Technologies CEO. "Polarization diversity allows AirWire to capture horizontally polarized signals which most existing antennas ignore."
Pinyon's AirWire WiMAX Tri-Band antennas can be customized for various form factors. These antennas cover the WiMAX spectrum profiles of 2.3 GHz, 2.5 GHz and 3.5 GHz and maintain high gain across all the band profiles. They can also accommodate any connector type.
Pinyon's AirWire(TM) WiMAX Tri-Band antenna polar diversity works to stabilize the link between the CPE and the WiMAX base station. Most collinear and dipole antennas, commonly used on CPE, only transmit and receive vertically polarized signals. AirWire WiMAX antenna's polar diversity uniquely overcomes this common shortcoming by detecting both horizontally and vertically polarized signals. Urban and indoor building environments produce horizontally polarized signal reflections that collinear or dipole antennas completely ignore. Ignoring these horizontally polarized reflections reduces the chances of establishing a stable radio link resulting in substantially reducing throughput.
About Pinyon Technologies
Headquartered in Reno, Nev., Pinyon Technologies develops, designs and commercially sells antenna solutions based upon a unique, patented AirWire technology. Pinyon's unique AirWire technology is designed for WiFi, WiMax, Bluetooth, UWB and mobile applications. Pinyon's robust AirWire technology is adaptable to other wireless applications as the technology is scalable to multiple frequencies. AirWire is well suited for applications that require high gain in a noisy multipath environment. Pinyon's business model consists of licensing as well as manufacturing and selling antennas as end products based on the application. AirWire enhances applications that require the following features: high efficiency to maximize gain, customizable for precise radiation pattern control, real-time control for beam steering, current driven for scalability, and intrinsic band pass filtering to minimize noise. For more information, visit http://www.pinyontech.com.
Source: Pinyon Technologies
CONTACT: Lisa Porter of Porter Creative Group, +1-949-752-5891,
lporter@portercreative.com, for Pinyon Technologies
S2 Security's State-of-the-Art Web-Based Systems to Support Mercury Security Hardware
FRAMINGHAM, Mass., March 16 -- S2 Security (http://www.s2sys.com/), manufacturer of the S2 NetBox and S2 Enterprise integrated IP-based physical security systems, today announced the availability of software to allow users of legacy physical security systems running on Mercury Security hardware to easily migrate to and expand with S2's state-of-the-art web-based systems. S2 will be available to discuss the Mercury integration in booth #9109, ISC West 2010, Las Vegas, March 24-26.
Security managers and organizations dissatisfied with their legacy systems' capabilities and support, or who are looking to get new life from their client/server card access systems, now will be able to transition easily to the S2 NetBox or Enterprise systems without the need to re-invest in new field hardware. Users of legacy physical security systems will gain immediate access to S2's newer, third generation IP-based physical security technology, coupled with the highly responsive customer service and support that are the hallmark of the S2 Security brand.
"We are answering the call from security system owners who are unhappy with the technology constraints and lack of support that plague their legacy systems," said John L. Moss, CEO of S2 Security. "Security managers and organizations want advanced systems that cost less to own and operate, are truly easy to use and manage, and are supported by the manufacturer. Our support for Mercury Security's hardware opens the door for those companies to make the move to 3G technology, keep their existing hardware in place, and experience the superior products, service and support that S2 Security is known for."
S2 Security's products are advanced network appliances that implement integrated physical security for facilities and campuses of any scale. Moving to S2's advanced IP-based physical security technology gives users access to advanced technology that supports complete mobility, reduces the time required to operate their systems and offers the benefits of a network appliance that does not require constant updates or protection from Windows viruses. S2 Security's line of IP network-ready products integrates access control, alarm monitoring, video surveillance, and temperature monitoring. Users of S2 systems require nothing more than a common web browser to use even the largest S2 Security system.
"We are excited to work with the industry veteran team at S2 Security," said Frank Gasztonyi, co-founder and CTO of Mercury Security Corporation. "We believe that S2 Security's unique value proposition and market approach provides Mercury with another opportunity to exhibit the power and flexibility of our open controller platform."
About Mercury Security
Mercury Security Corporation is the global leader in the supply of OEM access controller hardware. Built on an open platform, with over one million panels sold, Mercury has the largest installed base and greatest accumulated run time of any access hardware provider in the world. Headquartered in Long Beach, California, Mercury has been providing enhanced access control technology since 1992. For more information visit us at, mercury-security.com.
About S2 Security
S2 Security Corporation is the leader in IP-based integrated physical security systems. Unique to the security industry, S2 products are network appliances that require only a web browser to use. S2 products offer cost-effective security for applications of any size, from small offices to scaled, multi-site global enterprises. The advanced, open platform used by S2 Security, coupled with innovative application software, give S2 products a superior total cost of ownership (TCO) throughout the product life cycle. S2 Security systems support access control, alarm monitoring, temperature monitoring, video surveillance and intercom. S2 Security -- Integrated Security for an IP-Connected World®.
Grupo Credito Agricola Selects Tagetik 3.0 as a Tool for Group Consolidation and Reporting
LISBON, Portugal, March 16, 2010-- Tagetik, a global provider of Corporate Performance Management (CPM) and
Financial Governance software solutions, today announced that Grupo Credito
Agricola is implementing Tagetik 3.0 as their main Consolidation and
Financial Reporting tool.
"After a thorough evaluation process, we selected Tagetik 3.0," says Joao
Paulo Pedro, Director of CA Servicos. "The unified approach, technological
robustness and superior quality of the consolidation and reporting tool were
key factors for the choice of this solution, complemented by the experience
and knowledge demonstrated by the FWD Advise team during the selection
process."
"We are delighted to welcome Grupo Credito Agricola to our list of
customers. Tagetik 3.0 is a state-of-the-art software that supports financial
institutions among others, unifying complex Planning, Consolidation and
Reporting processes in a single solution. This enables cost reduction and
increases data visibility, allowing companies to fulfill demanding reporting
requirements," says Jose Carlos Ranito, Managing Partner of FWD Advise, local
distributor for Tagetik in Portugal.
About Tagetik
Tagetik delivers a unified software solution to support Performance
Management and Financial Governance plus extended Business Intelligence,
Collaboration and Communication. Tagetik 3.0 creates value by simplifying
complex business processes for CFOs and CIOs: budgeting, planning and
forecasting, consolidation and reporting, financial governance, strategy
management, profitability modeling, working capital analysis and
compliance/industry requirements. Tagetik 3.0 is the solution to translate
strategy into operations, manage and control overall performance down to
business transactions, and improve decision-making across the whole
organization while achieving faster ROI and lower total cost of ownership
(TCO).
Tagetik operates in 13 countries leveraging a close partnership with
Microsoft. Its market experts are totally committed to the success of 400
worldwide customers, including some of the largest Fortune 1000 companies and
representing all industries, as well as to foster synergies with system
integrators, technology leaders and local consulting specialists. To learn
more: http://www.tagetik.com
Ness Technologies to Provide and Implement Maintenance Management System at Mekorot, Israel's National Water Company
TEL AVIV, Israel, March 16, 2010-- Ness Technologies, Inc. (NASDAQ: NSTC and TASE: NSTC), a global provider
of IT services and solutions, announced today that it has recently been
awarded a contract from Mekorot, Israel's national water company, to provide
Mekorot's maintenance management system. The contract includes implementation
and deployment for an 18-month period, as well as an option for system
maintenance following implementation. The project is valued at multi-millions
of dollars.
Based on the SAP maintenance module, the system will manage preventive,
corrective and planned maintenance activities of the water supply system.
The maintenance of the water supply system will be managed according to
Mekorot's annual work plan, budget and pre-planned, frequency-based schedule.
The system will also enable resource management, maintenance activity
analysis, and connection with technicians using mobile devices. This will be
achieved by interfacing the maintenance system to Mekorot's existing
information systems.
Mekorot's water supply system comprises more than 800 pumping stations,
over 1,200 wells, about 2,400 pumps, over 10,500 kilometers of large-diameter
pipes, 750 concrete and steel reservoirs, 90 large earth reservoirs and
related equipment. Mekorot supplies 80% of Israel's drinking water and 70% of
its entire water supply.
"The new system will considerably streamline the maintenance of Mekorot's
facilities and equipment, which has a critical impact on safe and reliable
water supply," said Rafi Ifargan, Vice President of Engineering and
Technology, Mekorot. "Mekorot is one of the world's most technologically
advanced water companies. The new system is part of the company's strategy to
ensure the reliability of water quality and supply. We selected Ness
Technologies because of its very impressive reputation in implementing SAP
systems and because of its ability to get the job done quickly and
correctly."
"Mekorot's decision to choose Ness Technologies reflects our know-how and
experience in SAP systems implementation and support," said Effi Kotek,
President of Ness Israel. "The new system is another milestone in our
long-standing partnership with utilities in Israel and other countries. Ness
helps utilities adopt state-of-the-art solutions to ensure high efficiency
and continuous reliable service, and manage key issues."
About Ness Technologies
Ness Technologies (NASDAQ: NSTC and TASE: NSTC) is a global provider of
IT and business services and solutions with specialized expertise in software
product engineering; system integration, application development and
consulting; and software distribution. Ness delivers its portfolio of
solutions and services using a global delivery model combining offshore,
near-shore and local teams. With about 7,800 employees, Ness maintains
operations in 18 countries, and partners with numerous software and hardware
vendors worldwide. For more information about Ness Technologies, visit http://www.ness.com.
Forward Looking Statement
This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements often are preceded by words such as "believes," "expects," "may,"
"anticipates," "plans," "intends," "assumes," "will" or similar expressions.
Forward-looking statements reflect management's current expectations, as of
the date of this press release, and involve certain risks and uncertainties.
Ness' actual results could differ materially from those anticipated in these
forward looking statements as a result of various factors. Some of the
factors that could cause future results to materially differ from the recent
results or those projected in forward-looking statements include the "Risk
Factors" described in Ness' Annual Report of Form 10-K filed with the
Securities and Exchange Commission on March 15, 2010. Ness is under no
obligation, and expressly disclaims any obligation, to update or alter its
forward-looking statements, whether as a result of such changes, new
information, subsequent events or otherwise.
Media Contact:
David Kanaan
Intl: +972-54-425-5307
Email: media.int@ness.com
ChinaEdu Corporation Signs Agreements with Two New University Partners
BEIJING, March 15 -- ChinaEdu Corporation (NASDAQ:CEDU) ("ChinaEdu" or "the Company"), an educational services provider in China, today announced that it has signed an exclusive technology and service agreement with Huazhong Normal University and an exclusive collaborative alliance agreement with Jiangxi Normal University.
Huazhong Normal University is currently licensed as one of the 68 universities that are approved to provide online degree education by the Ministry of Education in China. Under the agreement, the Company will provide exclusive technology and support services to Huazhong Normal University's online college for the next three years.
Jiangxi Normal University is currently applying for approval to provide online degree education by the Ministry of Education in China. Under the agreement, the Company will provide exclusive technology and support services to Jiangxi Normal University's adult education programs for the next four years prior to the approval for the online degree program. Once the online degree approval is granted, the Company will provide Jiangxi Normal University with exclusive technology and support services through the mutually formed joint venture for a period of 20 years.
Julia Huang, Chief Executive Officer of ChinaEdu Corporation, commented, "We are pleased to be working with two of the top universities in China. Our partnerships with Huazhong Normal University and Jiangxi Normal University are examples of our successful and flexible business model in leading the growth of China's online degree education sector. We will continue to add value in working alongside our partners for the expansion of China's distance education for the long run."
About the universities
Huazhong Normal University is located in the city of Wuhan, the capital of Hubei province. It has a campus of over 2,000 acres with a construction area of more than 600,000 square meters on Guizishan, a hill bordering the East Lake and the South Lake. The university was first founded in 1903 and was formally named Huazhong University in 1985. Huazhong Normal University comprises of 18 schools, 9 departments and 82 research institutes and offers 53 doctoral programs and 94 master's degree programs. At present the university has a student body of over 20,000, of whom 2,000 are postgraduates.
Jiangxi Normal University is located in the city of Nanchang, the capital of Jiangxi province. The university covers an area of 33 hectares. The buildings cover a total floor space of more than 350,000 square meters. Founded in 1940, it was officially named Jiangxi Normal University in 1983. The university has enrolled graduate students in 33 programs relating to 122 fields of study. Jiangxi Normal University comprises of 17 colleges, offers 37 fields of study, including 19 teacher training specialties.
About ChinaEdu
ChinaEdu Corporation is an educational services provider in China, incorporated as an exempted limited liability company in the Cayman Islands. Established in 1999, the Company's primary business is to provide comprehensive services to the online degree programs of leading Chinese universities. These services include academic program development, technology services, enrollment marketing, student support services and finance operations. The Company's other lines of businesses include the operation of private primary and secondary schools, online interactive tutoring services and providing marketing and support for international curriculum programs.
The Company believes it is the largest service provider to online degree programs in China in terms of the number of higher education institutions that are served and the number of student enrollments supported. The Company currently has 17 long-term, exclusive contracts that generally vary from 10 to 50 years in length. ChinaEdu also performs recruiting services for 15 universities through our nationwide learning center network.
Forward-Looking Statement
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including certain plans, expectations, goals, and projections, which are subject to numerous assumptions, risks, and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties and contingencies, many of which are beyond our control which may cause actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. The Company's actual results could differ materially from those contained in the forward- looking statements due to a number of factors, including those described under the heading "Risk Factors" in the Company's Annual Report on Form 20-F for the year ended December 31, 2008, and in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Unless required by law, the Company undertakes no obligation to (and expressly disclaim any such obligation to) update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
S. Jimmy Xia, IR Manager
ChinaEdu Corporation
Phone: +86-10-8418-6655 x1150
Email: ir@chinaedu.net
Source: ChinaEdu Corporation
CONTACT: Lily Liu, CFO of ChinaEdu Corporation, +86-10-8418-6655 x1002,
or ir@chinaedu.net; S. Jimmy Xia, IR Manager of ChinaEdu Corporation, +86-10-
8418-6655 x1150, or ir@chinaedu.net
Ernie Els Rides New Callaway Driver, Golf Ball & Odyssey Putter to Victory
FT Tour Driver, Tour i(s) Golf Ball and Odyssey White Ice Putter Pave Way to Big Win at Doral's WGC-CA
CARLSBAD, Calif., March 15 -- Callaway Golf Company (NYSE:ELY) staff professional Ernie Els performed brilliantly over four rounds at the WGC-CA Championships held this past weekend at Doral Golf Resort in Miami. Eventually winning by four strokes over a star-studded field, the "Big Easy" dominated the competition with masterful control over every aspect of his game. After Sunday's victory, Els gave credit to the new Callaway and Odyssey equipment that channeled his triumphant passage through the blustery conditions that made Doral's infamous "Blue Monster" even more monstrous.
"First of all, my equipment is good," Els said. Speaking specifically of his new Callaway FT Tour Driver, he added, "It was great in the wind, wasn't ballooning, and I was hitting it quite long."
Callaway's new FT Tour Driver features a 440 cc multi-material clubhead with a full-length hosel and a slightly open face angle to deliver the look at address preferred by highly skilled players. FT Tour's design combines an ultra lightweight carbon composite body that delivers extraordinary accuracy and workability, with a titanium Hyperbolic clubface that yields incredible ball speeds and increased distance. Originally introduced on the professional tours in 2009 as FT-9 Tour Authentic, the tremendous excitement that was buzzing among the world's best players convinced Callaway officials to commercialize the product in 2010 as FT Tour. Els started off the year playing the new Callaway FT-iZ Driver, but decided to employ FT Tour at Doral. Both FT Tour and FT-iZ arrived at retail this month and feature a new product introduction retail price of $399.
Els' favorite new piece of equipment may in fact be the new Callaway Tour i(s) golf ball, which is the softest tour ball that Callaway has ever developed. Els first fell in love with the Tour i(s) at the WGC-HSBC Champions event in Shanghai this past November, an event he came very close to winning before finishing second to fellow Callaway staffer Phil Mickelson.
"The new Tour i(s) golf ball is phenomenal!" said Els in November, and then presciently added, "I'm looking forward to the future now and I think my equipment is spot-on." This past Sunday at Doral after finishing his flawless round, Els continued the praise of Callaway's Tour i(s), which is also Mickelson's current ball of choice. "The golf ball I'm using, the Callaway Tour i(s), it's a softer ball and my short game really came back," said Els, who likens the soft feel of the new Tour i(s) to the balata balls that once dominated play prior to the introduction of today's multi-piece golf balls.
The Callaway Tour i(s) features second-generation Dual Core that delivers outstanding spin separation for lower driver spin off the tee and higher spin within striking distance of the pin. The result is optimized performance throughout the round. Tour i(s)' advanced HEX Aerodynamics deliver a penetrating ball flight in all wind conditions, as evidenced by Ernie's performance in the high gusts that players battled at Doral this past weekend. Now available at retail, Callaway's Tour i(s) golf balls feature a new product introduction retail price of $42.99 a dozen.
Sinking clutch putts is vital to success at any level, and for that Els turned to his new Odyssey White Ice #5 model to win the WGC-CA Championship. Odyssey is the # 1 Putter across the world's major professional tours in wins, usage and top-10 finishes. The new White Ice line features a rich dark nickel finish that was inspired by tour feedback and a new insert that is 19% firmer and 92% stiffer than previous models. The White Ice insert matches well with the softer balls in play on tour this year in response to the new condition of competition regarding grooves. Odyssey's White Ice line features increased feel, responsiveness and distance control, and are available for purchase with a new product introduction retail price of $129 for core models and $179 for progressive shapes.
Through an unwavering commitment to innovation, Callaway Golf Company (NYSE:ELY) creates products and services designed to make every golfer a better golfer. Callaway Golf Company manufactures and sells golf clubs and golf balls, and sells golf accessories, under the Callaway Golf®, Odyssey®, Top-Flite®, and Ben Hogan® brands in more than 110 countries worldwide. For more information please visit http://www.callawaygolf.com or shop.callawaygolf.com.
CONTACT:
Tim Buckman
Callaway Golf
(760) 804-4133
Tim.Buckman@CallawayGolf.com
Verizon Statement on FCC's National Broadband Plan
Commission to Deliver Recommendations to Congress on March 16
WASHINGTON, March 15 -- The Chairman of the Federal Communications Commission is scheduled to deliver the National Broadband Plan to Congress Tuesday (March 16). The chairman released a summary of the plan Monday (March 15). The following is a statement by Tom Tauke, Verizon executive vice president for public affairs, policy and communications:
"Verizon strongly supports the emphasis in the National Broadband Plan on the deployment of broadband facilities and adoption by all Americans. To that end, we are encouraged by the call to reform the policies that subsidize some companies' telecommunications services so the policies are focused on the technologies of the 21st century. The plan also properly focuses on identifying the barriers to swift deployment and adoption and proposing recommendations to remove or overcome those barriers.
"The plan correctly notes that government is a major purchaser of services and can be a catalyst for using broadband to reform the health care delivery system, improve energy conservation, preserve the environment, and promote the use of broadband technology to advance education.
"Chairman Genachowski; Blair Levin, the executive director of the National Broadband Taskforce; and the commission staff should be commended for comprehensively addressing the array of broadband issues and developing a coherent plan.
"Now comes the hard part: achieving the vision articulated in this plan. Verizon will review the plan when text is available, and continue to work closely and cooperatively with the FCC and Congress to help meet the nation's broadband policy goals. It is clear that virtually all of these important goals will be achieved through private investment. So it is important that the policies enacted encourage investment and innovation across the Internet ecosystem."
Source: Verizon
CONTACT: David Fish, +1-202-515-2514, david.m.fish@verizon.com